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

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

Residential Income, Richmond Hill, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market3

Property Features for 87-30 114th Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Interior features First Floor Bedroom, First Floor Full Bath
Basement Full, Finished, Walk-Out Access
Elementary school Contact Agent
Middle school Call Listing Agent
High school Contact Agent
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Standard status Active
APN 09303-0018
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 24233

Utilities

Sewer type Public Sewer
Heating system Baseboard, Natural Gas
Water source Public

Amenities

Fully Finished Basement
Separate Meters
New Boiler
Upgraded Electric Lines

Building Details

Year built 1930
Number of units 6
Building materials Brick
Listing Agency: Exit Realty Prime
Listed By: Shahnewaz Qurashi
Added: Sep 15 Last Checked: Sep 17 at 9:06PM
MLS# 1051172

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This six-unit brick apartment building, constructed in 1930, offers four one-bedroom apartments with one full bathroom, living room, and kitchen; one two-bedroom, one-bath apartment; and one studio. The fully finished basement adds usable interior space. First-floor bedroom and full-bath features are included, while baseboard heating is supplied by natural gas. Separate utility meters serve the units, and the electrical lines have been upgraded. Public water and public sewer support the property.

The building is located at 87-30 114th Street in Richmond Hill, Queens, with a subway station, bus service, shops, schools, and other community amenities within walking distance. All units are tenant occupied, and residents pay their own electricity and cooking gas bills.

Key Highlights

  • Six‑unit configuration with four one‑bedroom units, one two‑bedroom unit, and one studio
  • Three‑story brick building constructed in 1930
  • Fully finished basement

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

Location Intelligence

Trade Area within ½ mile

3,043
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
View Realmo Analytics

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 - Fully occupied multifamily property with updated electrical service, a new boiler, and separately metered utilities.
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 configuration with four one‑bedroom units, one two‑bedroom unit, and one studio; Three‑story brick building constructed in 1930; Fully finished basement
More about this property
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