8732 114th Street, Richmond Hill, NY 11418

• 4,800 sqft

Property Description

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 Status:

Active

Data Last Updated:

August 11, 2026 at 12:23AM

Listing Office:

Elite Realty of USA Inc : 718-551-9800

MLS ID:

1016032

Interior

• Basement: FullUnfinishedWalk-Out Access
• A/C: None
• Heating: Oil

Exterior

• Parking: On Street

Location

• Originating MLS: onekey2
• School District: Queens 27
• County: Queens

Lot

• Zoning: R4A09303-0019

Utilities

• Utilities: Electricity AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2