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$3,997,000

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 87-87 144th St

General

  • Price: $3,997,000
  • Taxes: $27,175
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 855960
  • Updated: 9/29/2025
  • Added to Site: 303 day(s) ago

Rental Information

  • Complex Features: Balcony, Laundry

Interior

  • Appliances: Dryer, Gas Range, Microwave
  • Flooring: Hardwood

Additional Information

  • Security/Safety: Fire Sprinkler System, Smoke Detector(s), Video Cameras, Window Bars

Parking

  • Total Spaces: 2
  • Parking Features: On Street, Private

Location

  • County: Queens

Heating & Cooling

  • Cooling Type: Multi Units, Wall/Window Unit(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Block, Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full Basement
  • Stories/Levels: 4
  • Stories in Building: 4
  • Building Size: 6201
  • Square Feet: 6,201
  • Year Built: 2018

Financial Considerations

  • Tax Amount: $27,175
  • Tenant Pays: All Utilities, See Remarks

Disclosures and Reports

  • Special Conditions: None

Listed by Telemundo Realty Corp

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Listing agents

— 87-87 144th St —

  • Telemundo Realty Corp

  • Telemundo Realty Corp

718-205-3737

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 87-87 144th St

School District:New York City Geographic School District 28
NameGradesDistance
Ps 82 Hammond
88-02 144th St, Queens, NY 11435
K-50.1 mi
Jhs 217 Robert A Van Wyck
85-05 144th St, Queens, NY 11435
6-80.4 mi
Hillcrest High School
160-05 Highland Ave, Queens, NY 11432
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 87-87 144th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/29/2025
Price Reduced
$3,997,000
-4.79%
MLS
8/22/2025
Price Reduced
$4,198,000
-3.49%
MLS
4/30/2025
Listed
$4,350,000
539.71%
MLS
3/01/2012
Sold
$680,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 87-87 144th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$38,585
42%
$382,968
8%
2024
$27,175
39%
$354,600
-5%
2023
$19,481
103%
$372,276
8%
2022
$9,587
578%
$344,700
-12%
2021
$1,413
-2%
$393,750
-9%
2020
$1,437
—
$432,000
13%
2019
$1,437
-2%
$381,150
1%
2017
$1,465
—
$378,000
6%
2017
$1,465
-51%
$355,273
-51%
2016
$2,970
—
$719,100
25%
2015
$2,968
-93%
$576,757
28%
2014
$42,695
490%
$450,000
39%
2013
$7,242
—
$323,914
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Telemundo Realty Corp

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87-87 144 Street, Jamaica, NY 11435 (MLS# 855960) is a Commercial property. 87-87 144 Street is currently listed for $3,997,000 and was received on April 30, 2025. Want to learn more about 87-87 144 Street? Do you have questions about finding other Commercial real estate for sale in Jamaica? You can browse all Jamaica real estate or contact a Coldwell Banker agent to request more information.

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