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.
6,201 Sq Ft
commercial
$27,175 Annual Tax
Built in 2018
MLS/Listing ID 855960
8 Units
Gas Range
Microwave
Parking - On Street
Parking - Private
Dryer
Construction - Brick
Construction - Block
Cooling - Wall/window unit(s)
Cooling - Multi-split AC
Hardwood
Heating - Electric
TOTAL MONTHLY COST
$0
$0
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