Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    87-87 144Th St Jamaica, NY 11435

    Sponsored
    Picture of Apartment buildings at 144Th St 87-87, Jamaica, NY
    For Sale
    $3,997,000

    Multi Family - Jamaica, NY

    Type:Single Family Attached
    Property size:
    6,201 SF
    Days on Market:
    117
    Last Refresh:
    Feb 2 at 3:06 pm

    Property Features for 87-87 144Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Security features
    Fire Sprinkler System, Smoke Detector(s)
    Rooms
    Basement
    Parking
    2
    Parking features
    On Street
    Basement Y/N
    1
    Appliances
    Dryer, Microwave, Range, Range - Gas
    Size
    6,201 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2018
    Number of units
    8
    Flooring type
    Hardwood
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Gladys Ramirez

    Telemundo Realty Corp (347) 351-5846

    Listing agent Gladys Ramirez (718) 205-3737 License #31RA0597323

    Listing date Oct 9, 2025

    MLS# 855960 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jamaica Multifamily Investment Opportunity

    This is an investment property located in Jamaica, Queens, featuring a modern 4-story building with a finished cellar, constructed in 2018. The building comprises 8 units, including 7 one-bedroom apartments and 1 duplex unit with a basement and backyard. The property features high 9-foot ceilings throughout. The building is of quality construction, utilizing fireproof masonry and steel. A coin-operated laundry is located in the basement. The gross rental income is approximately $300,340 per year, with a net income of $270,590. The units include granite kitchens, stainless steel appliances, and modern finishes. The property is located steps from the F train at Sutphin Blvd, and is close to JFK Airport, Jamaica Hospital, and the Van Wyck Expressway, providing convenient access to Northern Queens and Nassau County. The property size is 6201 square feet. This property offers an opportunity for long-term cash flow in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.812121
    Latitude
    40.708938

    Nearby Similar for Sale

    • $2,200,000
      0.09 Acres

      Updated Brick Duplex with Basement

      Updated 8-bedroom duplex with finished basement in Jamaica Hills.
      8470 159Th St, Jamaica, NY 11432
      View Details
    • $1,075,000
      2,320 SF

      Renovated Two-Family Home, Richmond Hill

      Meticulously renovated two-family home in a sought-after residential area.
      104-21 92Nd Ave, Richmond Hill, NY 11418
      View Details
    • New
      $989,000
      0.07 Acres

      Springfield Gardens Multifamily Investment Opportunity

      Two units, convenient location, ideal for investors.
      146-15 221St St, Springfield Gardens, NY 11413
      View Details
    • $1,288,888
      Pending

      Spacious Colonial Two-Family Home

      Large two-family colonial with private backyard in Woodhaven, NY.
      85-83 88Th St, Woodhaven, NY 11421
      View Details
    • $1,100,000
      0.05 Acres

      Ozone Park Three-Family Home

      Semi-detached, three-family brick home in Ozone Park.
      9432 94Th St, Ozone Park, NY 11416
      View Details
    • $799,999
      Pending

      Jamaica, NY Duplex For Sale

      Well-cared for duplex in historic neighborhood, ideal for owner-occupants.
      112-05 180Th St, Jamaica, NY 11433
      View Details
    • New
      $1,650,000
      4,620 SF

      Jamaica Commercial Building For Sale

      Four-unit commercial building near JFK and Motor Vehicle Department.
      148-11 175Th St, Jamaica, NY 11434
      View Details
    • $1,299,000
      Pending

      Oversized Jamaica Duplex on Large Lot

      Spacious Jamaica duplex with modern amenities and income potential.
      107-43 Inwood St, Jamaica, NY 11435
      View Details
    • $1,899,000
      0.11 Acres

      Updated Brick Duplex in Briarwood

      Updated 8-bedroom duplex with finished basement and strong rental potential.
      15007 85Th Dr, Briarwood, NY 11432
      View Details
    • $1,450,000
      0.12 Acres

      Ozone Park Multi-Family Home

      Multi-family home on oversized lot near transportation and JFK airport.
      10109 97Th Ave, Ozone Park, NY 11416
      View Details
    • $599,900
      Pending

      Laurelton Multifamily Investment Opportunity

      Multifamily property in Laurelton, close to shops and dining.
      13526 219Th St, Laurelton, NY 11413
      View Details
    • $1,188,000
      0.06 Acres

      Spacious Two-Family Home in Woodhaven

      Detached two-family residence with flexible living options and abundant space.
      91-49 86Th St, Woodhaven, NY 11421
      View Details

    FAQs

    What type of property is this?
    Apartment building - Modern 8-unit building near Sutphin Blvd F train station.
    Where is this apartment building located?
    The property is located at 87-87 144Th St Jamaica, NY.
    What is the asking price?
    The asking price for this property is $3,997,000.
    What are key features of this property?
    This property features: - High Cash Flow: Net income of $270,590 per year with a 6.21% cap rate.; - Modern Construction: Built in 2018 with quality, fireproof masonry & steel.; - Prime Location: Steps from the F train and close to JFK Airport, Jamaica Hospital, and major expressways.
    (347) 351-5846
    Request Owner's contact information
    87-87 144Th St Jamaica, NY 11435
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    87-87 144Th St
    Jamaica, NY 11435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    87-87 144Th St Jamaica, NY 11435
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gladys Ramirez
    Real Estate License ID: 31RA0597323
    (347) 351-5846
    Learn more
    Google sign-in failed. Please try again or use another login method.