Remarks

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.

Details

MLS#: 855960
Price: $4,350,000

Style: Multi Family
Sq Ft: 6201
Year Built: 2018

County: Queens
Tax Fee: 27175