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    87-20 124Th St Jamaica, NY 11418

    For Sale
    $1,189,000

    Four-family house in Queens, ideal for investors or rental income.

    Lot size:
    0.06 Acres

    Property Features for 87-20 124Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1910

    Source: TMT Realty NY Corp Agent Munesh Ramnarine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Queens Multi-Family Investment Opportunity

    Located at 87-20 124th St in Richmond Hill, Queens, New York, this expansive four-family house presents an investment opportunity and a multi-family residence. The property is situated in the community of Jamaica, with proximity to the E, J, and Z subway lines, providing access to Manhattan and surrounding areas. It is also near schools, parks, shopping centers, and dining options. The property includes four separate units, offering potential for rental income. The layout ensures privacy for each unit, making it suitable for long-term leasing. Three out of the four units are occupied, and the property will not be delivered vacant.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.827594
    Latitude
    40.704389

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    FAQs

    What type of property is this?
    Quadplex - Four-family house in Queens, ideal for investors or rental income.
    Where is this quadplex located?
    The property is located at 87-20 124Th St Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,189,000.
    What are key features of this property?
    This property features: - Four-family house offering **significant rental income potential**.; - Conveniently located near E, J, and Z subway lines for **easy access to Manhattan**.; - Proximity to schools, parks, shopping centers, and diverse dining options.
    (718) 835-1914
    Request Owner's contact information
    87-20 124Th St Jamaica, NY 11418
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    Jamaica, 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
    87-20 124Th St Jamaica, NY 11418
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