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Prime 8-Unit Investment Property - Jamaica, Queens 87-87 144th Street | 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/30/2025 |
|---|---|---|---|
| YEAR BUILT | 2018 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Multi Units, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Microwave |
| BASEMENT | Finished, Full |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 0 |
| PARKING | On Street, Private |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 27175 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Telemundo Realty Corp
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