$1,588,888

9440 121 St St, South Richmond Hill, NY

Name: 9440 121 St St, For Sale in South Richmond Hill - eXp Realty
Brand: Property Professionals Realty
SKU: 916565
Price: 1588888 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $9,500

Days Active 4

Lot Size

Approx. Age 1988

MLS® Number 916565

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Introducing a rare investment opportunity in the heart of South Richmond Hill — an all-brick, legal 3-family residence situated in one of Queens’ most dynamic and fast-appreciating neighborhoods. South Richmond Hill has been experiencing a surge in property development, with values steadily climbing and rental demand consistently outpacing supply. This property offers investors both immediate cash flow and long-term equity growth in a thriving market. The building spans approximately 2, 500 sq ft and delivers a strong, reliable rent roll of over $11, 000 per month (annual gross income of roughly $132, 000). Each of the three floors features a minimum of 4 bedrooms and 2 bathrooms, along with spacious living areas and kitchens, making them highly attractive for families and long-term tenants. Adding to the value, the basement is fully finished with its own private entrance, providing excellent flexibility for storage, recreation, or additional income potential. Stability is already in place: the current tenants have occupied the property for over a decade, all pay on time, and receipts are available for verification. This ensures an investor steps into a turnkey scenario with zero downtime or tenant concerns. Brick construction keeps maintenance costs low, while the presence of a private garage — rare for the area — plus an additional outdoor parking space, further enhances the property’s appeal and functionality. Location is unbeatable. The home is just minutes from major highways, multiple public transportation options including trains, and an array of local shopping, dining, and community amenities. South Richmond Hill is a lively, diverse neighborhood that continues to attract families and working professionals seeking quality housing. Demand for rental units here remains exceptionally strong, giving an investor confidence in consistent occupancy and income. This is not just another multifamily — it is a prime cash-flowing asset with stable tenants, minimal upkeep, and significant appreciation upside. Whether you are a seasoned investor looking to expand your portfolio with a dependable earner, or a first-time buyer seeking a property that pays for itself, 94-40 121st Street offers the ideal combination of income, stability, and growth in one of Queens’ most promising investment corridors.Show Description

MLS® Number916565

Laundry Level

Central VacNo

FireplaceNo

Acreage0.0515

Exterior

GarageYes

Approx. Age1988

BasementFinished

DrivewayAttached

Garage Spaces

HeatBaseboard

A/CWall/Window Unit(s)

Heating Fuel

Extras

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