$ 1,299,000
-
$1,299,000
Price -
0.06
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing ELTR01 - 79441,227820
Updated Cap Rate Calculation Annual Gross Income: $125,741 Annual Operating Expenses: $46,487 Net Operating Income (NOI): $79,254 Asking Price: $1,299,000 Cap Rate = NOI ÷ Purchase Price × 100 $79,254 ÷ $1,299,000 = 6.10% Cap Rate Property Remarks Exceptional investment opportunity in the highly desirable Richmond Hill neighborhood of Queens. This well-maintained six-unit multifamily building offers approximately 4,800 square feet of living space across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property produces an annual gross income of $125,741 and a net operating income of $79,254, resulting in an attractive 6.10% cap rate at the asking price. The building offers stable cash flow with strong upside potential and is ideally positioned in a high-demand rental market. Conveniently located near public transportation, shopping, schools, parks, and major highways, this turnkey asset presents an outstanding opportunity for investors seeking consistent income and long-term appreciation in one of Queens' most established neighborhoods.
Listing Highlights for 8732 114th St
Interior Details
- Appliances:
- Air Cond:
- Heating: Oil
- Fireplaces:
- Floor:
- Basement: Full,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $24,234
- Taxes w/Assessments: N/A
- Tax/Property ID: 09303-0019
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
8732 114th St Richmond Hill, NY 11418
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
