8640 123rd Street, Richmond Hill, NY 11418 - Photo 1

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$1,499,000

For Sale
Active
Commercial
Updated 7 days ago

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Property Description

Very Attractive Rental Income Property On The North Side Of Richmondhill The Lay Out Of Thease Apartment Is Unique and Spacious. The Center Hall Spiral Front Staircase With Natural Light. This Property Situated Close To All Amenties Incl Buses Train and Shopping.

Full Property Details

Full Property Details for 86-40 123rd St

General

Price: $1,499,000
Taxes: $26,453
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 1020347
Updated: 7/2/2026
Added to Site: 21 day(s) ago

Parking

Parking Features: On Street

Location

County: Queens

School Information

High School District: Queens 27

Heating & Cooling

Cooling Type: None
Heating Type: Natural Gas

Utilities

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

Structural Information

Detached/Attached: Attached
Construction: Block, Brick
Basement: Yes
Basement Desc.: Finished
Building Size: 4320
Square Feet: 4,320
Year Built: 1931

Lot Features

Lot Size (Acres): 0.0821
Lot Size (Sq. Ft.): 3,578
Zoning: R5

Financial Considerations

Taxes Include: Sewer, Trash, Water
Tax Amount: $26,453.04

Disclosures and Reports

Special Conditions: None
Property ID: 09276-0080

Listed by Elite Realty of USA Inc

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Listing agents

— 86-40 123rd St —

Elite Realty of USA Inc
Elite Realty of USA Inc

718-551-9800

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Schools

Schools serving 86-40 123rd St

School District:New York City Geographic School District 27

Name	Grades	Distance
Ps 51 87-45 117th St, Queens, NY 11418	K-1	0.3 mi
Ps 56 Harry Eichler 86-10 114th St, Queens, NY 11418	2-5	0.4 mi
Ms 137 America S School Of Heroes 109-15 98th St, Queens, NY 11417	6-8	1.7 mi
Richmond Hill High School 89-30 114th St, Queens, NY 11418	9-12	0.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 86-40 123rd St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/30/2026

Listed

$1,499,000

66.56%

MLS

9/28/2023

Sold

$900,000

—

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

Tax History for 86-40 123rd St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$26,714

8%

$220,545

3%

2024

$24,739

—

$213,710

—

2024

$24,739

8%

$214,200

17%

2023

$22,906

10%

$183,222

8%

2022

$20,811

-11%

$169,650

-15%

2021

$23,515

2%

$199,350

—

2020

$23,163

—

$199,350

-20%

2019

$23,156

14%

$249,120

45%

2017

$20,255

—

$171,947

8%

2017

$20,255

7%

$159,250

8%

2016

$19,010

3%

$147,455

3%

2015

$18,403

27%

$142,847

—

2014

$14,449

-12%

$142,808

8%

2013

$16,455

—

$132,267

—

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.

Estimate the Cost

Estimate the Cost for 86-40 123rd St

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8640 123rd Street, Richmond Hill, NY 11418 (MLS# 1020347) is a Commercial property. 8640 123rd Street is currently listed for $1,499,000 and was received on June 30, 2026. Want to learn more about 8640 123rd Street? Do you have questions about finding other Commercial real estate for sale in Richmond Hill? You can browse all Richmond Hill real estate or contact a Coldwell Banker agent to request more information.

86-40 123rd St Richmond Hill, NY 11418