Welcome to 87-20 124th St, Richmond Hill, NY 11418 - a distinguished investment opportunity and a haven for those seeking a multi-family residence in the heart of Queens. This expansive 4-family house offers a unique blend of comfort, convenience, and potential for rental income. Nestled in the vibrant community of Jamaica, this property enjoys proximity to major transportation hubs, including the E, J, and Z subway lines, providing easy access to Manhattan and surrounding areas. Additionally, it is conveniently situated near schools, parks, shopping centers, and a variety of dining options. With four separate units, each equipped with its own distinct charm, this property presents an excellent opportunity for investors or those looking to offset their mortgage through rental income. The well-designed layout ensures privacy for each unit, making it an ideal investment for long-term leasing. *3 out of 4 units are occupied. Property will not be delivered vacant.
Pending
$1,189,000
87-20 124th Street, Richmond Hill, NY 11418
8beds
--sqft
Quadruplex, Multi Family
Built in 1910
-- sqft lot
$1,199,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 629 days |
- 7 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
TMT Realty NY Corp 718-835-1914,
Terienarine Ramnarine,
Munesh Ramnarine 718-835-1914,
TMT Realty NY Corp
Source: OneKey® MLS as distributed by MLS GRID,MLS#: L3536515
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bedroom 1
- Description: SAME FOR ALL 4 UNITS
- Level: First
Bedroom 2
- Description: SAME FOR ALL 4 UNITS
- Level: First
Bathroom 1
- Description: SAME FOR ALL 4 UNITS
- Level: First
Kitchen
- Description: SAME FOR ALL 4 UNITS
- Level: First
Living room
- Description: SAME FOR ALL 4 UNITS
- Level: First
Heating
- Natural Gas, Steam
Cooling
- None
Features
- Basement: Finished,Full
- Attic: None
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 2,470 Square Feet
- Dimensions: 26 x 95
- Features: Near Public Transit, Near School, Near Shops
Details
- Parcel number: 093320014
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
Condition
- Year built: 1910
Utilities & green energy
- Gas: Separate Gas Meters: 4
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Richmond Hill
Financial & listing details
- Tax assessed value: $1,141,000
- Annual tax amount: $1,895
- Date on market: 11/21/2024
- Listing agreement: Exclusive Right To Sell
- Tenant pays: Electricity, Gas
Estimated market value
$1,199,000
$1.10M - $1.31M
$2,925/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Pending sale | $1,189,000 |
Source:  OneKey® MLS as distributed by MLS GRID #L3536515 Report a problem | ||
| 3/29/2024 | Price change | $1,189,000-0.9% |
Source: OneKey® MLS as distributed by MLS GRID #3536515 Report a problem | ||
| 3/8/2024 | Listed for sale | $1,200,000+61.7% |
Source: OneKey® MLS as distributed by MLS GRID #3536515 Report a problem | ||
| 1/3/2024 | Sold | $742,000-25.7% |
Source: Public Record Report a problem | ||
| 10/20/2023 | Listed for sale | $999,000 |
Source: NY State MLS #11209910 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $68,460 +9% |
| 2024 | -- | $62,820 -4.6% |
| 2023 | -- | $65,880 -2.1% |
| 2022 | -- | $67,320 +17.6% |
| 2021 | -- | $57,240 -0.5% |
| 2020 | $7,111 +0.1% | $57,540 -1.2% |
| 2019 | $7,102 +3% | $58,260 +76.7% |
| 2018 | $6,898 +6.3% | $32,976 +3.6% |
| 2017 | $6,488 +16.5% | $31,825 +6% |
| 2016 | $5,568 | $30,024 +3% |
| 2015 | $5,568 +63.7% | $29,160 +0.1% |
| 2014 | $3,401 | $29,128 +6% |
| 2013 | -- | $27,480 +3.6% |
| 2012 | -- | $26,521 +6% |
| 2011 | -- | $25,020 -8.1% |
| 2010 | -- | $27,230 +6% |
| 2009 | -- | $25,689 +5.7% |
| 2008 | -- | $24,307 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Richmond Hill
Nearby schools
GreatSchools rating
- 5/10Ps 54 HillsideGrades: K-5Distance: 0.2 mi
- 5/10Jhs 217 Robert A Van WyckGrades: 6-8Distance: 1 mi
- 5/10Young Women's Leadership School of QueensGrades: 6-12Distance: 1.3 mi
Schools provided by the listing agent
- Middle: Hillside Arts And Letters Academy
- High: Thomas A Edison Career-Tech Hs
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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