USANYRichmond Hill8732 114Th St
Listing image | Image 1

8732 114Th St, Richmond Hill, NY

House

For Sale

Listed price in listed location currency (USD).
$1,299,000

000

MLS® 1016032

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $24,234
Days Active 4
Lot Size 0.0574 Acres
Approx. Age 1930
MLS® Number 1016032

Property Address: 8732 114th St, Richmond Hill, NY, 11418-2469

Average square foot calculated using Size range provided by listing agent.

Description

**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.
MLS® Number1016032
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementFull, Unfinished, Walk-Out Access
DrivewayOn Street
Garage Spaces
HeatOil
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$1,299,000List Price
-End Date
Not Sold YetSold Price

For Sale

Mar 28, 2026List Date
$1,399,000List Price
  • Commute

Commute

Starting Address
Destination Address
8732 114Th St, Richmond Hill, NY

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