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6-Unit Brick Apartment Building
New
For Sale
$929,000

87-30 114th Street, Richmond Hill, NY 11418

Tenant-occupied brick property with a finished basement, upgraded electrical service, separate meters, and a new boiler.

Property Size4,800 SF
Days on Market4

Property Features for 87-30 114th Street

General Information

Standard status Active
Size 4,800 SF
Property subtype Quadruplex
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA, 1 x 2BR/1BA, 1 x Studio
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $24,233

Building Details

Building Size 4,800 SF
Year Built 1930
Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: Exit Realty Prime
Listed By: Shahnewaz Qurashi
Source: Serhant
Added: Sep 15 Changed: Sep 17 Last Checked: Sep 17 at 3:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Prime

Investment Insights

Based on property information with market context.

Built in 1930, this three-story brick apartment building contains six residential units: four one-bedroom apartments, one two-bedroom apartment, and one studio. Each one-bedroom unit includes one full bathroom, a living room, and a kitchen; the two-bedroom apartment also includes one full bathroom. The property features a fully finished basement, separate utility meters, upgraded electric lines, and a new boiler.

All units are tenant occupied, with residents responsible for their own electricity and cooking gas. Located at 87-30 114th Street in Richmond Hill, Queens, the property is within walking distance of a subway station, bus service, shops, schools, and other community amenities.

Key Highlights

  • Six‑unit, three‑story brick apartment building built in 1930
  • Unit mix includes four 1‑bedroom units, one 2‑bedroom unit, and one studio
  • Fully finished basement and separate utility meters

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Law Firm Gym & Fitness Center Cafe & Coffee Shop Acupuncture Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,746
Businesses Nearby

Demographics for 11418, NY

37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Tenant-occupied brick property with a finished basement, upgraded electrical service, separate meters, and a new boiler.
Where is this apartment building located?
The property is located at 87-30 114th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Six‑unit, three‑story brick apartment building built in 1930; Unit mix includes four 1‑bedroom units, one 2‑bedroom unit, and one studio; Fully finished basement and separate utility meters
More about this property
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