87-87 144 Street, Jamaica, NY

$3,997,000

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6,201

Square feet

About 87-87 144 Street

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.

Features of 87-87 144 Street

MLS® # 855960
Price $3,997,000
Bathrooms 0.00
Internal Footage 6,201
Acres 0.00
Year Built 2018
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 87-87 144 Street
City Jamaica
County Queens
State NY
Zip Code 11435

Amenities

Utilities Electricity Connected, Sewer Connected, Water Connected
Parking Spaces 2
Parking On Street, Private
Is Waterfront No
Has Pool No

Interior

Interior Hardwood
Appliances Dryer, Gas Range, Microwave
Heating Electric
Cooling Multi Units, Wall/Window Unit(s)
Fireplace No
# of Stories 4
Has Basement Yes
Basement Finished, Full

Exterior

Construction Block, Brick

Additional Information

Date Listed April 30th, 2025
Days on Market 167
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofTelemundo Realty Corp
Contact Info718-205-3737

Listing Map

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