Date
Details
Price
Change
Source
3/28/2026
Listed
$1,399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,399,000 Just Listed
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Property Description
Welcome to 87-32 114th St, Richmond Hill, NY Prime investment opportunity in the heart of Richmond Hill! This fully brick 6-family building offers strong income and long-term upside potential. The property generates $125,741 in annual rental income with only $46,487 in yearly expenses, making it an attractive asset for both seasoned and new investors. Featuring 2 free market units, this building provides immediate potential for increased cash flow and future rent growth. Well-maintained and solidly built, this property benefits from its full brick construction, offering durability and lower maintenance over time. Conveniently located near transportation, shopping, and major corridors, ensuring consistent tenant demand. Property Highlights: 6 Residential Units 2 Free Market Units (Upside Potential) Full Brick Construction Annual Income: $125,741 Annual Expenses: $46,487 Strong Cash Flow Opportunity Perfect for investors looking to secure a stable, income-producing property in a high-demand Queens neighborhood. Contact Kelvin Mohan for more details or to schedule a showing.
Full Property Details
Full Property Details for 87-32 114th St
General
- Price: $1,399,000
- Taxes: $24,233
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 977740
- Updated: Today (3/28/2026)
- Added to Site: Today
Interior
- Appliances: Gas Oven, Refrigerator
Parking
- Parking Features: None
Location
- County: Queens
- Cross Streets: 107-60 114th Street
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement, Storage Space
- Building Size: 4800
- Square Feet: 4,800
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
- Zoning: R4A
Financial Considerations
- Tax Amount: $24,233.64
Disclosures and Reports
- Special Conditions: None
- Property ID: 09303-0019
Listed by Park Assets Real Estate Corp
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Listing agent
— 87-32 114th St —
Park Assets Real Estate Corp
718-684-8000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 87-32 114th St
School District:New York City Geographic School District 27
| Name | Grades | Distance |
|---|---|---|
Ps 90 Horace Mann 86-50 109th St, Queens, NY 11418 | K-5 | 0.3 mi |
Ms 137 America S School Of Heroes 109-15 98th St, Queens, NY 11417 | 6-8 | 1.3 mi |
Richmond Hill High School 89-30 114th St, Queens, NY 11418 | 9-12 | 0.2 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 87-32 114th St
Tax History
Tax History for 87-32 114th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,472
8%
$195,780
-3%
2024
$22,663
8%
$201,420
20%
2023
$20,985
-9%
$167,850
-11%
2022
$23,074
—
$188,100
-15%
2021
$23,076
6%
$221,400
—
2020
$21,773
—
$221,400
-20%
2019
$21,773
10%
$276,840
71%
2017
$19,877
—
$162,009
4%
2017
$19,877
7%
$156,276
8%
2016
$18,655
8%
$144,701
8%
2015
$17,299
6%
$134,277
—
2014
$16,382
1%
$134,277
8%
2013
$16,148
—
$124,623
—
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 87-32 114th St
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- Commercial
- Active
- Updated 4 days ago
Listed by Trademarko Realty Inc
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- Co-op
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
Listed by Keller Williams Realty Greater
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,476Sq. Ft.
Listed by Olam Realty Group
- Co-op
- Active
- Updated 7 hours ago
- 2Beds
- 1Total Bath
Listed by Douglas Elliman Real Estate
- Co-op
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
Listed by Douglas Elliman Real Estate
8732 114th Street, Richmond Hill, NY 11418 (MLS# 977740) is a Commercial property. 8732 114th Street is currently listed for $1,399,000 and was received on March 28, 2026. Want to learn more about 8732 114th 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.