Prime 8-Unit Investment Property 87-87 144th Street, Jamaica, Queens. | Asking: $4,350,000 | Cap Rate: 6.21%
Modern 4-story building + finished cellar built in 2018, featuring 8 units (7 one-bedrooms + 1 duplex with basement and backyard). High 9' ceilings throughout, quality construction (fireproof masonry & steel) coin-operated laundry in basement.
Gross rental income approx. $300,340/year with net income of $270,590. Units feature granite kitchens, stainless steel appliances, and modern finishes.
Located steps from the F train at Sutphin Blvd, close to JFK Airport, Jamaica Hospital, Van Wyck Expwy, and minutes to Northern Queens and Nassau County.
Great opportunity for long-term cash flow in a growing area.
- Age: 6-10 Years Old
- Amenities: Security System
- Appliance: Range - Gas
- Appliance: Microwave
- Appliance: Dryer
- Appliance: Range
- Architecture Style: Other
- Building Units: 8
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Hardwood
- Heating System: Electric (Heating)
- MLSID: 855960
- Parking Spaces: 2
- Rooms: Basement