8732 114th Street Richmond Hill, NY $ 1,399,000
8732 114th Street
$ 1,399,000
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8732 114th Street

Richmond Hill, NY, 11418
$ 1,399,000
Bedrooms-- Baths-- Sq 4,800

Monthly Estimate*

$ 8,614

8732 114th Street, Richmond Hill, NY 11418 - Image 1
8732 114th Street, Richmond Hill, NY 11418 - Image 2
8732 114th Street, Richmond Hill, NY 11418 - Image 3
8732 114th Street, Richmond Hill, NY 11418 - Image 4
8732 114th Street, Richmond Hill, NY 11418 - Image 5
8732 114th Street, Richmond Hill, NY 11418 - Image 6

Commercial Property for sale in Richmond Hill, NY

for $1,399,000. This 4,800 square foot building was built in 1930 on a lot size of 0.0574.

Welcome to 87-32 114th St, Richmond Hill, NY Prime investment opportunity in the heart of Richmond Hill! This fully brick 6-family building offers strong income and long-term upside potential. The property generates $125,741 in annual rental income with only $46,487 in yearly expenses, making it an attractive asset for both seasoned and new investors. Featuring 2 free market units, this building provides immediate potential for increased cash flow and future rent growth. Well-maintained and solidly built, this property benefits from its full brick construction, offering durability and lower maintenance over time. Conveniently located near transportation, shopping, and major corridors, ensuring consistent tenant demand. Property Highlights: 6 Residential Units 2 Free Market Units (Upside Potential) Full Brick Construction Annual Income: $125,741 Annual Expenses: $46,487 Strong Cash Flow Opportunity Perfect for investors looking to secure a stable, income-producing property in a high-demand Queens neighborhood. Contact Kelvin Mohan for more details or to schedule a showing.

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Commercial Active

Price

$ 1,399,000

Property Type

Commercial

Taxes

$ 24,233

Style

Multi Family

Lot Size

0.0574

Year Built

1930

Town/City

Richmond Hill

County/Region

Queens

MLS | Web ID

977740

Features
General
Sewer Public Sewer
Heating Oil
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected
Appliances Gas Oven Refrigerator
Zoning R4A
Construction Materials Brick
Year Built 1930
Property Subtype Multi Family
Tax Year 2025
Parcel Number 09303-0019
County Queens
Property Type Commercial Sale
Directions GPS
City New York
Number Of Units Total 6
Property Attached Y/N Y
Tax Annual Amount 24233.64
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 241650
Cap Rate 11419
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Interior
Basement Full Storage Space
Basement Features Full Storage Space
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Building Area Total 4800
Waterfront Y/N N
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Internal Only
Street Number 1 8732
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* Excluded Features
List By
Kelvin Mohan

Listing Agent

Park Assets Real Estate Corp

Broker

718-684-8000

Contact

Affordability Calculator

$10,633
Per Month
81%
19%
0%
Monthly Principal & Interest
$8,614
Monthly Property Taxes
$2,019
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/28/2026$1,399,000 Listed Price

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8732 114th Street, Richmond Hill, NY, 11418 is a Commercial Property for sale at $1,399,000 with 4,800 sqft and a lot size of 0.0574. 8732 114th Street was built in 1930. The property's zip code is 11418 which is in Richmond Hill, NY