$ 1,299,000
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$1,299,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing ELTR01 - 79441
**Updated Cap Rate Calculation** * Annual Gross Income: **$125,741** * Annual Expenses: **$46,487** * Net Operating Income (NOI): **$79,254** * Asking Price: **$1,299,000** **Cap Rate = NOI ÷ Purchase Price × 100** **$79,254 ÷ $1,299,000 = 6.10% Cap Rate** --- ### Property Remarks Exceptional investment opportunity in the heart of Richmond Hill. This well-maintained 6-unit multifamily apartment building offers approximately 4,800 SF across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property generates strong annual income of $125,741 with a net operating income of $79,254, delivering an attractive **6.10% cap rate** at the asking price. Located in a high-demand rental market with convenient access to transportation, shopping, schools, and major thoroughfares, this asset provides stable cash flow with long-term appreciation potential. Ideal for investors seeking a turnkey income-producing property in a desirable Queens neighborhood.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $24,234
- Taxes w/Assessments: N/A
- Tax/Property ID: 09303-0019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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8732 114th St Richmond Hill, NY 11418
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