Queens » 11418 » 116th St » 8787 116th St

87-87 116th Street, Richmond Hill, NY 11418 - Property report

Also known as: 87-87 116th St

Property image for 87-87 116th Street, Richmond Hill, NY 11418

Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

5,850

Sale price

$2,600,000

General information

Address

Primary address

87-87 116th Street

ZIP code

11418

Neighborhood

Richmond Hill

Borough

Queens

Block & lot

09326-0053

Building

Property type

Over Six Families without Stores (C1)

Building sq. ft.

21,000

Building dimensions

65 ft x 81 ft

Buildings on lot

Stories

Year built

1931

Building material

Sales

Sale date

04/30/2026

Sale price

$2,600,000

Tax

Tax year

2026-2027

Property tax

$49,706

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

65 ft x 90 ft

Lot sq. ft.

5,850

Area overview

Walk score

84 /100. Very Walkable

Transit score

86 /100. Excellent Transit

Bike score

55 /100. Bikeable

School district

Community district

Closest police station

1.06 Miles

Closest fire station

0.32 Miles

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

Ownership

Ownership information for 87-87 116th Street, Richmond Hill, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 87-87 116th Street, Richmond Hill, NY 11418

Sale date	Sale price	Buyer name	Seller name
04/30/2026	$2,600,000	XX-XX XXXXX XXXXXX XXX	XXXXXX, XXXXXXXX XXX XXXXXX, XXXXXXX XXX XXXXXX, XXXXX X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/13/2026 - R	Initial UCC1 (2026051100996005)	XXXX XXXXX XXXXXX XXX	XX XX XXXXXXXXX XXXXX XXXXXXX XXX
05/13/2026 - R 04/30/2026 - D	Assignment of Leases and Rents (2026051100996004)	XXXX XXXXX XXXXXX XXX	XX XX XXXXXXXXX XXXXX XXXXXXX XXX
05/13/2026 - R 04/30/2026 - D	Mortgage (2026051100996003)	XXXX XXXXX XXXXXX XXX	XX XX XXXXXXXXX XXXXX XXXXXXX XXX
05/13/2026 - R 04/30/2026 - D	Assignment of Leases and Rents (2026051100996002)	XXXX XXXXX XXXXXX XXX	XX XX XXXXXXXXX XXXXX XXXXXXX XXX
05/13/2026 - R 04/30/2026 - D	Mortgage (2026051100996001)	XXXX XXXXX XXXXXX XXX	XX XX XXXXXXXXX XXXXX XXXXXXX XXX
05/07/2026 - R 04/30/2026 - D	Deed (2026050500923001)	XXXXXX XXXXXXXX	XXXX XXXXX XXXXXX XXX
03/03/2025 - R 01/14/2025 - D	Deed (2025022700527001)	XXXXXXX XXXXXX XXXXXXXX	XXXXXX XXXXXXX
08/11/1993 - R	Satisfaction of Mortgage (4890002978589)	XXXXXXX XXXXXXXX XXX	XXXXXXXXX XXXXXX XXXX
05/04/1978 - R	Assignment, Mortgage (37840106800600)	XXXXXXXX XXXX XXXX XXXX	XXXXXX XXXXXXXXX
05/04/1978 - R	Mortgage (37840106800593)	XXXXXX XXXXXXXXX	XXXXXX XXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 87-87 116th 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

$49,706

Municipal exemptions

Recent tax assessments

Market value

$888,000

Assessed value

$399,600

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	$1,006,000	$452,700	$393,570	12.439%	$48,956	$48,956	+3.49%
2024/25	$950,000	$427,500	$378,450	12.5%	$47,306	$47,306	+2.57%
2023/24	$830,000	$373,500	$368,910	12.502%	$46,121	$46,121	+4.46%
2022/23	$869,000	$391,050	$359,910	12.267%	$44,150	$44,150	+11.68%
2021/22	$718,000	$323,100	$323,100	12.235%	$39,531	$39,531	-4.08%
2020/21	$838,000	$377,100	$335,970	12.267%	$41,213	$41,213	+9.63%
2019/20	$844,000	$379,800	$301,410	12.473%	$37,595	$37,595	+12.01%
2018/19	$730,000	$328,500	$266,130	12.612%	$33,564	$33,564	+8.20%
2017/18	$667,000	$300,150	$243,900	12.719%	$31,022	$31,022	+7.50%
2016/17	$654,000	$294,300	$223,830	12.892%	$28,856	$28,856	+11.25%

Permits

Permit information for 87-87 116th Street, Richmond Hill, NY

Filing date	Job type	Job status	Job description	Initial cost
07/02/2026	Alteration
06/04/2026	Alteration
01/29/2024	Alteration
01/25/2024	Alteration
09/14/1990	Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	08/07/2024	Aeuhaz1-fail to certify class 1 none
	01/24/2024	C-construction other optional
	06/30/2023	Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

111th St & Jamaica Blvd at NE Corner

Station lines

Distance (miles)

0.264

View subway map

Access the detailed traffic volume map for 87-87 116th 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

Nearby ZIP codes for 87-87 116th 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 87-87 116th Street, Richmond Hill, NY 11418?

The development at 87-87 116th Street, Richmond Hill, NY 11418 was built in 1931.

What is the total square footage of 87-87 116th Street, Richmond Hill, NY 11418?

87-87 116th Street, Richmond Hill, NY 11418 has a total of 21,000 square feet.

When was 87-87 116th Street, Richmond Hill, NY 11418 last sold and what was the sale price?

87-87 116th Street, Richmond Hill, NY 11418 was last sold on 04/30/2026 for $2,600,000.

What is the assessed value of 87-87 116th Street, Richmond Hill, NY 11418?

87-87 116th Street, Richmond Hill, NY 11418 is currently assessed at $399,600.

What are the property taxes for 87-87 116th Street, Richmond Hill, NY 11418?

The property taxes for 87-87 116th Street, Richmond Hill, NY 11418 total $49,706.

How many residential units does this building have?

This building has 24 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.