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$1,299,000
1016032 MLS
**Updated Cap Rate Calculation** * Annual Gross Income: **$125,741** * Annual Expenses: **$46,487** * Net Operating Income (NOI): **$79,254** * Asking Price: **$1,299,000** **Cap Rate = NOI ÷ Purchase Price × 100** **$79,254 ÷ $1,299,000 = 6.10% Cap Rate** --- ### Property Remarks Exceptional investment opportunity in the heart of Richmond Hill. This well-maintained 6-unit multifamily apartment building offers approximately 4,800 SF across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property generates strong annual income of $125,741 with a net operating income of $79,254, delivering an attractive **6.10% cap rate** at the asking price. Located in a high-demand rental market with convenient access to transportation, shopping, schools, and major thoroughfares, this asset provides stable cash flow with long-term appreciation potential. Ideal for investors seeking a turnkey income-producing property in a desirable Queens neighborhood.

8732 114th Street, Richmond Hill

$1,199,888
1010982 MLS
Exceptional opportunity to own a well-maintained mixed-use property in the heart of Ozone Park, offering the perfect combination of investment potential and owner-user flexibility. This versatile building features a ground-floor commercial storefront with a private bathroom, ideal for a variety of business uses, along with two spacious residential apartments above. The second floor offers a bright and comfortable 2-bedroom, 1-bath apartment complete with a living room and eat-in kitchen. The third floor features a generously sized 3-bedroom, 1-bath apartment with a living room and eat-in kitchen, providing excellent income-producing potential. Additional highlights include a finished basement, a private rear yard, and the convenience of independent utilities, allowing separate control and efficiency for each unit. Perfectly positioned in a prime Ozone Park location, this property is just moments from shopping, restaurants, supermarkets, schools, houses of worship, parks, and everyday conveniences. Commuters will appreciate easy access to the A train, local bus lines, Belt Parkway, Van Wyck Expressway, and Jackie Robinson Parkway, providing seamless travel throughout Queens, Brooklyn, Manhattan, and Long Island. Located only minutes from JFK International Airport, Resorts World Casino & Aqueduct Racetrack, Howard Beach, and major employment centers, this property offers outstanding accessibility and long-term value. Whether you're an investor seeking multiple income streams or an owner-occupant looking to live and work in one location, 96-25 95th Avenue presents a rare opportunity in one of Queens' most convenient and established neighborhoods.

96-25 95th Avenue, Ozone Park

$1,689,000
1009584 MLS
Prime corner mixed-use property featuring a newly renovated building classified under the "Miscellaneous Industrial" (K Occupancy) designation. This versatile zoning classification accommodates a wide range of uses, including utility operations, low fire-hazard manufacturing, light industrial production, light automotive repair, warehouse/storage functions, professional offices, and other commercial applications. The second floor consists of two residential units, including a spacious two-bedroom apartment and a one-bedroom apartment, providing excellent income-producing potential. The first floor is currently configured with a sign company storefront, a canopy shop with additional storage space, and an office. The property also includes a fully functional basement offering valuable workspace, storage, or operational support. Extensively updated throughout, the building features modernized interior and exterior improvements, making it move-in ready for both investors and owner-users. Positioned at the highly trafficked intersection of Lefferts Boulevard and Rockaway Boulevard, this corner location benefits from exceptional visibility, strong vehicle exposure, and convenient access to major transportation routes.

11923 Rockaway Boulevard, South Ozone Park

$2,479,999
917671 MLS
Welcome to Belle Harbor, one of Rockaway Beach’s sought-after neighborhoods. Perfectly positioned on a quiet beach block just steps from the sand and surf, this six-unit multifamily property offers both charm and investment potential. This property features a mix of three 2-bedroom apartments, two 1-bedroom apartments, and one studio, creating a balanced layout that appeals to both long-term tenants and short-term rental strategies. The partially finished basement includes an outside separate entrance (OSE), laundry area, storage space, and a bonus room, offering added functionality for tenants or management use. Outdoors, enjoy a beautiful backyard complete with an outdoor shower—perfect for beach days, along with a detached garage and double driveway. In Belle Harbor, parking is an invaluable amenity, and this property provides ample space for residents and guests alike. Rockaway Beach is experiencing continuous growth with new residential developments, restaurants, and easy access to the NYC Ferry. Whether you’re looking to expand your portfolio or secure a stable income-producing property, this six-family home delivers the ideal blend of location, reliability, and upside potential.

188 Beach 123rd Street, Belle Harbor

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.