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

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

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

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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87-40 121st Street, Richmond Hill, NY 11418 1
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Address

Primary address 87-40 121st Street
Neighborhood Richmond Hill
Zip code 11418
Borough Queens
Block & lot 09330-0018

Sales & Tax Overview for 87-40 121st Street, Richmond Hill

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 01/27/2022
Purchase price $46,500,000
Tax class
Estimated property tax $229,309

Lot & Building Information for 87-40 121st Street, Richmond Hill

Lot sqft 21,750
Lot dimensions 259.42 ft x 177.42 ft
Building class Self-Storage Warehouse (E7) i
Building sqft 82,953
Building dimensions 250 ft x 110 ft
Buildings on lot 1
Stories 6
Year built 1930
Year last altered 2016
Construction type
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Zoning & Use for 87-40 121st Street, Richmond Hill

Zoning
Qualified opportunity zone
Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 27
Community district 9
Closest police station 1.29 Miles
Closest fire station 0.28 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 87-40 121st Street, Richmond Hill

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 87-40 121st Street, Richmond Hill, NY 11418, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 87-40 121st Street, Richmond Hill, NY 11418, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 87-40 121st Street, Richmond Hill

How many sq. ft. does 87-40 121st Street, Richmond Hill, NY 11418 have & what is the price per sq. ft?

This Self-Storage Warehouse (E7) located at 87-40 121st Street, Richmond Hill, NY 11418 has a total of 82,953 square feet and a current price per square foot of $560.

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

87-40 121st Street, Richmond Hill, NY 11418 was built in 1930 and has a current tax assessor's market value of $8,948,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 87-40 121st Street, Richmond Hill

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Property owner name for 87-40 121st Street, Richmond Hill, NY 11418
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Building contacts for 87-40 121st Street, Richmond Hill, NY 11418
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Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 87-40 121st Street, Richmond Hill

Create a free account to view the complete sales history for 87-40 121st Street, Richmond Hill, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
01/27/2022 $46,500,000
03/19/2015 $2,714,130
11/01/2013 $2,600,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 87-40 121st Street, Richmond Hill

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

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

Property Taxes for 87-40 121st Street, Richmond Hill

Access detailed property tax data for 87-40 121st Street, Richmond Hill, NY 11418. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $165,839
Estimated property tax: $229,309
Tax assessor's market value: $8,948,000
Assessed value: $4,026,600

Assessment History for 87-40 121st Street, Richmond Hill

Here's the assessment & property tax history for 87-40 121st Street, Richmond Hill, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year 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%

Permits for 87-40 121st Street, Richmond Hill

The complete history of permits filed for 87-40 121st Street, Richmond Hill, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

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
04/13/2017 Alteration type 2
02/16/2017 Alteration type 2
01/18/2017 Alteration type 3
01/18/2017 Alteration type 3
02/17/2016 Alteration type 3
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$431
-0.5% YoY
Median Price/Sqft Q2/2025
$449
9.9% YoY
Median Price/Sqft 2024
$413
0.5% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station 123rd St & Jamaica Ave at SE Corner (Exit Only)
Station lines J-Z
Distance (miles) 0.109
View subway map
Bus Routes
Name Jamaica Av/121 St
Line Q56
Distance (miles) 0.065

Neighbors for 87-40 121st Street, Richmond Hill

Here are the neighbors for 87-40 121st Street, Richmond Hill, NY 11418.

Address Square feet Purchase date Purchase price
120-19 89th Ave, Richmond Hill 19,525 07/14/1999
120-11 89th Ave, Richmond Hill 6,048 06/08/2017 $1,800,000
121-02 Jamaica Ave, Richmond Hill 17,223 03/29/2012 $156,750
87-17 Lefferts Blvd, Richmond Hill 2,404 04/24/1997
87-17 120th St, Richmond Hill
87-16 123rd St, Richmond Hill 1,208 11/08/2019
87-85 Lefferts Blvd, Richmond Hill 1,360 10/16/2020
120-30 Jamaica Ave, Richmond Hill 10/12/2023 $18,000,000
87-25 Lefferts Blvd, Richmond Hill 26,978 09/30/2015 $12,800,000
87-71 Lefferts Blvd, Richmond Hill 29,050 10/25/2011
87-83 120th St, Richmond Hill 1,543 01/05/2011 $308,571
87-83 Lefferts Blvd, Richmond Hill 1,360 03/04/2001
120-01 89th Ave, Richmond Hill 3,073 11/24/2009
87-14 121st St, Richmond Hill 10/12/2023 $18,000,000
120-08 Jamaica Ave, Richmond Hill 35,600 10/12/2023 $18,000,000
87-77 Lefferts Blvd, Richmond Hill 1,360 03/04/2002
121-08 Jamaica Ave, Richmond Hill 10,153 05/08/2019 $4,700,000
120-05 89th Ave, Richmond Hill 2,580 11/25/2019 $605,000
87-12 123rd St, Richmond Hill 1,784 09/06/2022
87-79 Lefferts Blvd, Richmond Hill 1,360 03/04/2002
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