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87-87 144 Street Jamaica, NY $ 3,997,000
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$ 3,997,000 Get more info
87-87 144 Street
$ 3,997,000
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87-87 144 Street

Jamaica, NY, 11435
$ 3,997,000
Bedrooms-- Baths-- Sq 6,201

Monthly Estimate*

$ 24,936

87-87 144 Street, Jamaica, NY 11435 - Image 1

Commercial Property for sale in Jamaica, NY

for $3,997,000. This 6,201 square foot building was built in 2018.

Prime 8-Unit Investment Property – 87-87 144th Street, Jamaica, Queens. | Asking: $4,350,000 | Cap Rate: 6.21% Modern 4-story building + finished cellar built in 2018, featuring 8 units (7 one-bedrooms + 1 duplex with basement and backyard). High 9' ceilings throughout, quality construction (fireproof masonry & steel) coin-operated laundry in basement. Gross rental income approx. $300,340/year with net income of $270,590. Units feature granite kitchens, stainless steel appliances, and modern finishes. Located steps from the F train at Sutphin Blvd, close to JFK Airport, Jamaica Hospital, Van Wyck Expwy, and minutes to Northern Queens and Nassau County. Great opportunity for long-term cash flow in a growing area.

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Commercial Active

Price

$ 3,997,000

Property Type

Commercial

Taxes

$ 27,175

Style

Multi Family

Year Built

2018

Town/City

Jamaica

County/Region

Queens

MLS | Web ID

855960
Features
General
Sewer Public Sewer
Heating Electric
Cooling Multi Units Wall/Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Appliances Dryer Gas Range Microwave
Security Features Fire Sprinkler System Smoke Detector(s) Video Cameras Window Bars
Construction Materials Block Brick
Year Built 2018
Tenant Pays All Utilities See Remarks
Property Subtype Multi Family
Tax Year 2025
Gross Income 305340
County Queens
Operating Expense 34750
Insurance Expense 2850
Property Type Commercial Sale
Building Features Balcony Laundry
City New York
Number Of Units Total 8
Property Attached Y/N Y
Tax Annual Amount 27175
Property Condition New Construction
Trash Expense 1600
Water Sewer Expense 1625
Building Area Units Square Feet
Standard Status Active
Cap Rate 6
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Interior
Basement Finished Full
Flooring Hardwood
Total Stories 4
Basement Features Finished Full
Basement (Y/N) Y
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Exterior
Parking Features On Street Private On Street Private
Water Source Public
Total Parking 2
Parking Spaces 2
Building Area Total 6201
Waterfront Y/N N
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Internal Only
Street Number 1 87
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* Excluded Features
List By
Gladys Ramirez

Listing Agent

Telemundo Realty Corp

Broker

718-205-3737

Contact

Affordability Calculator

$27,201
Per Month
92%
8%
0%
Monthly Principal & Interest
$24,936
Monthly Property Taxes
$2,265
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/30/2025$3,997,000 -4.79% Price Down
8/22/2025$4,198,000 -3.49% Price Down
5/1/2025$4,350,000 Listed Price

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87-87 144 Street, Jamaica, NY, 11435 is a Commercial Property for sale at $3,997,000 with 6,201 sqft. 87-87 144 Street was built in 2018. The property's zip code is 11435 which is in Jamaica, NY

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