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8640 123rd Street

Richmond Hill, NY 11418
  • $1,400,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 892533
$1,400,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1931
County:
Area:

School Ratings & Info

School District:

Description

Exceptional 6 unit investment in prime Richmond Hill. This rent-stabilized six unit multifamily features six 2-bedroom and 1 bath apartments. The rooms are large and spacious. The roof is less than a year old and in excellent condition. All tenants are current with their rent. Updated electricity and plumbing. This property offers a rare chance with a strong cash flow and significant long-term appreciation potential. Situated near schools, shopping and transportation.

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-10T00:17:12.263.
www.selectyournexthome.com/homes/166166327
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8640 123rd Street Richmond Hill, NY 11418

  • Price: $1,400,000
  • Status: Active
  • On Site: 140 Days
  • MLS #: 892533
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1931
Built
Neighborhood:
New York
County:
Queens
Area:
New York
School District:
Queens 27
Property Description
Exceptional 6 unit investment in prime Richmond Hill. This rent-stabilized six unit multifamily features six 2-bedroom and 1 bath apartments. The rooms are large and spacious. The roof is less than a year old and in excellent condition. All tenants are current with their rent. Updated electricity and plumbing. This property offers a rare chance with a strong cash flow and significant long-term appreciation potential. Situated near schools, shopping and transportation.
Exterior Features

Construction Materials Brick Cross Street 86th Avenue Foundation Details Brick/Mortar Parking Features None Property Attached YN Yes Stories Total 3 Waterfront YN No

Interior Features

Basement Details Full Basement YN Yes Cooling Wall/Window Unit(s) Elevator YN No Number Of Heat Units 7

Property Features

Annual Rental Income 107000 Building Area Total 4320 Electric Company Con-Edison Fuel Expense 8000 Heating BaseboardNatural Gas Insurance Expense 7900 Lot Size Area 3578 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Sprinkler System YN No Tax Annual Amount 24738.96 Tax Source Municipality Tenant Pays ElectricityGas Utilities See Remarks Water Access YN No Water Sewer Expense 4000 Water Source Public

Listing courtesy of Leah Lori L. Ferster of North East Queens Realty Corp: 516-498-1110
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-10T00:17:12.263.
 
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