1 month on rocket

87-20 124th St, Richmond Hill, NY, 11418

$1,189,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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87-20 124th St, New York$1,189,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1910
HeatingNatural Gas, Steam
CoolingNone
BasementYes
MLS #3536515
Lot Size0.06 Acres
StatusActive
(A)

About 87-20 124th St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1910

Listing Office:

  • Office Name: TMT Realty NY Corp
  • Office Phone: (718) 835-1914

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,189,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

87-20 124th St vs New York

52 DAYS ON ROCKET

-44 Days

$1,189,000

+$343.5K More

KEY TAKEAWAY

This property is $343.5K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3536515

Listing Office:

  • Office Name: TMT Realty NY Corp
  • Office Phone: (718) 835-1914

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/29/2024, 4:11:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,002

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,631

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3211343
5
/10

  • PS 54 Hillside

  • 8602 127th St

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-3211344
7
/10

  • PS 56 Harry Eichler

  • 8610 114th St

  • 0.51 miles

  • Public District Grades 2-5

school-card-donut-3211345
7
/10

  • PS 55 Maure

  • 13110 97th Ave

  • 0.59 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,086. The majority of New York, NY residents have income between $35k-100k annually. The majority of families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11418›87-20 124th St

This home is located at 87-20 124th St in Richmond Hill, NY and zip code 11418 in the Southwestern Queens neighborhood. This home, which was built in 1910, sits on a 0.06 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,189,000.

In March 2024, from all listings sold in New York, NY there were more than 154 sold above asking price, over 748 sold below and more than 645 were sold right at the asked price. The inventory of homes for sale in New York, NY between February 2024 and March 2024 increased by 3.7%. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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