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    8771 123Rd St Richmond Hill, NY 11418

    Pending
    For Sale
    $965,000

    MULTI_FAMILY - Richmond Hill, NY

    Lot size:
    0.04 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 8771 123Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    09332-0052
    Interior features
    First Floor Bedroom
    Basement
    Full
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    2
    Building materials
    Frame

    Keystone Realty USA (631) 486-1126 [email protected]

    Listing agent Gabriel Kashi

    Listing date Nov 19, 2025

    MLS# 901409 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.

    Overview

    Richmond Hill Two-Family Residence

    Located on a tree-lined street in Richmond Hill, this two-family residence at 87-71-123rd Street presents an opportunity for both investors and homeowners. The property is configured as a three-bedroom, one-bath rental unit, with the potential to generate $3,800 per month, and a three-bedroom, one-bath owner's unit. The residence also features a high-ceiling basement with both interior and exterior access. Both units include living and dining areas, granite kitchens with custom cabinetry, and stainless steel appliances. The bathrooms are fully tiled with modern wall and floor tiles. The property is located in a prime Richmond Hill location, near the J train and the E/F train at Jamaica Van Wyck, as well as the LIRR at Jamaica Station. It is also near schools, shopping centers, restaurants, cafes, parks, and other neighborhood amenities. The property is located off Jamaica Avenue, 130th Street, Atlantic Avenue, and the Van Wyck Expressway. The lot size is 0.0413 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.826304
    Latitude
    40.698822

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    FAQs

    What type of property is this?
    Duplex - Turn-key two-family home in prime Richmond Hill location.
    Where is this duplex located?
    The property is located at 8771 123Rd St Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $965,000.
    What are key features of this property?
    This property features: - Turn-key, move-in ready two-family home, ideal for investors or homeowners.; - Income-generating rental unit with $3,800/month potential to offset mortgage payments.; - Configured as a 3-bedroom/1-bath rental unit over a 3-bedroom/1-bath owner's unit, plus a high-ceiling basement.
    (347) 419-5268
    Request Owner's contact information
    8771 123Rd St Richmond Hill, NY 11418
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    Richmond Hill, NY 11418
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    Realmo Value Estimation

    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.

    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.

    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
    8771 123Rd St Richmond Hill, NY 11418
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