New York City  »  11418  »  121st St  »  8740 121st St

87-40 121st Street, Richmond Hill, NY 11418 - Property report

Also known as: 87-40 121st St

Property image for 87-40 121st Street, Richmond Hill, NY 11418
static Mapbox map

Property type

Self-Storage Warehouse (E7)

Year built

1930

Lot sq. ft.

21,750

Sale price

$46,500,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
87-40 121st Street
Alternate address(es)
87-40 - 87-48 121st St
ZIP code
11418
Neighborhood
Richmond Hill
Borough
Queens
Block & lot
09330-0018

Owner

Find out who owns 87-40 121st Street, Richmond Hill, NY 11418. Uncover corporate and individual owners with a free account.

Building
Property type
Self-Storage Warehouse (E7)
Building sq. ft.
82,953
Building dimensions
250 ft x 110 ft
Buildings on lot
1
Stories
6
Year built
1930
Last altered
2016
Building material
Sales
Sale date
01/27/2022
Sale price
$46,500,000
Tax
Tax year
2026-2027
Property tax
$229,310
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
259.42 ft x 177.42 ft
Lot sq. ft.
21,750

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
95 /100.  Rider's Paradise
Bike score
58 /100.  Bikeable
School district
27
Community district
9
Closest police station
1.29 Miles
Closest fire station
0.28 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 87-40 121st Street, Richmond Hill, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 87-40 121st Street, Richmond Hill, NY 11418

Sale date Sale price Buyer name Seller name
01/27/2022 $46,500,000 XX XX-XX XXX XX XXX XXXXX-XXXX XXXXXXXX XXXX, XXX
03/19/2015 $2,714,130 XXXXX-XXXX XXXXXXXX XXXX, XXX XXXXXXXX XXXX XXXXXXX, XXX
11/01/2013 $2,600,000 XXXXXXXX XXXX XXXXXXX XXX XXXXXXXXXX, XXXXXXX X XXX XXXXXXXXXX, XXXXXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/15/2022 - R
01/27/2022 - D		 Agreement
(2022020801440004)		 XX XXXX XXX XX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
02/15/2022 - R
01/27/2022 - D		 Mortgage
(2022020801440003)		 XX XXXX XXX XX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
02/15/2022 - R
01/27/2022 - D		 Assignment, Mortgage
(2022020801440002)		 XXX XXXX XXXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
02/15/2022 - R
01/27/2022 - D		 Deed
(2022020801440001)		 XXXXXXXXX XXXXXXXX XXXX XXX XX XXXX XXX XX XXX
05/01/2020 - R UCC3 Continuation
(2020043000863001)		 XXXXXXXXX XXXXXXXX XXXX XXX XXX XXXX XXXXXXXX XXXXXXXXXXX
10/02/2019 - R
09/26/2019 - D		 Agreement
(2019100100454001)		 XXXXXXXXX XXXXXXXX XXXX XXX XXX XXXX XXXXXXXX XXXXXXXXXXX
11/20/2015 - R
11/10/2015 - D		 Zoning Lot Description
(2015111600295002)		 XXXXXXXXX XXXXXXXX XXXX XXX
10/08/2015 - R Initial UCC1
(2015100600210003)		 XXXXXXXXX XXXXXXXX XXXX XXX XXX XXXX XXXXXXXX XXXXXXXXXXX
11/20/2015 - R
10/06/2015 - D		 Certificate
(2015111600295001)		 XXXXX XXXXXXXX XXXXX XXXXXXXXX XXXXXXX
10/08/2015 - R
09/30/2015 - D		 Assignment of Leases and Rents
(2015100600210002)		 XXXXXXXXX XXXXXXXX XXXX XXX XXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 87-40 121st Street, Richmond Hill, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$229,310
Municipal exemptions
Recent tax assessments
Market value
$13,857,000
Assessed value
$6,235,650

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $8,948,000 $4,026,600 $3,735,270 10.848% $405,202 $165,839 +11.42%
2024/25 $8,699,000 $3,914,550 $3,607,200 10.762% $388,207 $148,844 +14.97%
2023/24 $8,485,000 $3,818,250 $3,482,100 10.592% $368,824 $129,461 +9.23%
2022/23 $8,015,000 $3,606,750 $3,361,680 10.646% $357,884 $118,522 +4.28%
2021/22 $7,356,000 $3,310,200 $3,282,390 10.755% $353,021 $113,658 -66.70%
2020/21 $7,525,000 $3,386,250 $3,192,030 10.694% $341,356 $341,356 +4.98%
2019/20 $7,309,000 $3,289,050 $3,085,769 10.537% $325,147 $325,147 +3.13%
2018/19 $7,147,000 $3,216,150 $2,998,556 10.514% $315,268 $315,268 +913.88%
2017/18 $1,290,000 $580,500 $295,751 10.514% $31,095 $31,095 -45.55%
2016/17 $1,288,000 $579,600 $540,090 10.574% $57,109 $57,109 +1.67%
Permits

Permit information for 87-40 121st Street, Richmond Hill, NY

Filing date Job type Job status Job description Initial cost
02/21/2018 Alteration
10/24/2017 Alteration type 3
06/06/2017 Sign
06/06/2017 Sign
06/06/2017 Sign

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/01/2024 Egrade-failure to post energy grade/score none
04/22/2023 Earcx-failure to submit eer none
08/21/2022 Earcx-failure to submit eer none

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
123rd St & Jamaica Ave at SE Corner (Exit Only)
Station lines
J-Z
Distance (miles)
0.109
View subway map

Access the detailed traffic volume map for 87-40 121st Street, Richmond Hill, NY 11418 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 87-40 121st Street, Richmond Hill, NY

120-19 89th Ave, Richmond Hill 120-11 89th Ave, Richmond Hill 121-02 Jamaica Ave, Richmond Hill 87-17 Lefferts Blvd, Richmond Hill 87-17 120th St, Richmond Hill 87-16 123rd St, Richmond Hill 87-85 Lefferts Blvd, Richmond Hill 120-30 Jamaica Ave, Richmond Hill 87-25 Lefferts Blvd, Richmond Hill 87-71 Lefferts Blvd, Richmond Hill 87-83 120th St, Richmond Hill 87-83 Lefferts Blvd, Richmond Hill 120-01 89th Ave, Richmond Hill 87-14 121st St, Richmond Hill 120-08 Jamaica Ave, Richmond Hill 87-77 Lefferts Blvd, Richmond Hill 121-08 Jamaica Ave, Richmond Hill 120-05 89th Ave, Richmond Hill 87-12 123rd St, Richmond Hill 87-79 Lefferts Blvd, Richmond Hill

Nearby ZIP codes for 87-40 121st Street, Richmond Hill, NY

11208, New York City, NY 11355, New York City, NY 11367, New York City, NY 11368, New York City, NY 11374, New York City, NY 11375, New York City, NY 11379, New York City, NY 11414, New York City, NY 11415, New York City, NY 11416, New York City, NY 11417, New York City, NY 11419, New York City, NY 11420, New York City, NY 11421, New York City, NY 11424, New York City, NY 11432, New York City, NY 11433, New York City, NY 11435, New York City, NY 11436, New York City, NY

Frequently asked questions

What is the year built for 87-40 121st Street, Richmond Hill, NY 11418?

The development at 87-40 121st Street, Richmond Hill, NY 11418 was built in 1930.

What is the market value of 87-40 121st Street, Richmond Hill, NY 11418?

The current market value of 87-40 121st Street, Richmond Hill, NY 11418 is $13,857,000.

What is the total square footage of 87-40 121st Street, Richmond Hill, NY 11418?

87-40 121st Street, Richmond Hill, NY 11418 has a total of 82,953 square feet.

What is the price per square foot for this property?

$560 per square foot is the price for 87-40 121st Street, Richmond Hill, NY 11418.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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