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$3,997,000
87-87 144 Street, Jamaica, NY, 11435
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.
Offered By
Gladys Ramirez, Telemundo Realty Corp
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
Multi Family
MLS #
855960
Flooring
Hardwood
Appliances
Dryer, Gas Range, Microwave
Heating
Electric
Cooling
Multi Units, Wall/Window Unit(s)
Utility Features
Electricity Connected, Sewer Connected, Water Connected
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
2018
Basement
Finished, Full
PARKING SPACES
2
Parking Features
On Street, Private
CITY
Jamaica
COUNTY
Queens
STATE
NY
TAX AMOUNT
27175.0
LATEST UPDATE
2026-02-25T05:48:42.887Z
DAYS ON MARKET
171
PRICE CHANGE(S)
$3,997,000 Oct 18, 2025
$4,198,000 Sep 20, 2025
$4,198 Aug 22, 2025
$4,350,000 May 1, 2025
CUMULATIVE DAYS ON MARKET
171
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
Multi Family
MLS #
855960
New Properties On Market
33
57%
Increase In New Listings
Average Asking Price
$746,210
$404,759 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$797
$448 Increase In List Price/Sq. Ft.
Average Days On Market
5
20 Day
Decrease In Days On Market
Data as of Jun 03, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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