3
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$1,399,000
Est. payment /mo
4,299 Sqft Lot
Price Dropped by $101K
124-15 18th AVE College Point, NY 11356
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Additional details
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 967597
Rental Info No
Year Built 1961
Annual Tax Amount $19,553
Lot Size 4,299 Sqft
Acres 0.0987
Property Sub-Type Industrial
Source onekey2
Property Description
Located in the heart of College Point, just minutes from Flushing, this well-maintained, income-producing industrial property presents a strong investment opportunity in one of Queens' most strategic commercial corridors.
The property consists of two fully functional warehouse units. The first unit, approximately 1,200 square feet, is leased to an established fabric goods distributor. The second unit, approximately 2,000 square feet, is configured as a refrigerated warehouse and active business operation. Both warehouse spaces offer garage bay doors, approx. 11x9.
Combined, the units generate approximately $88,000 in annual rental income, with total operating expenses of roughly $28,000 per year, delivering reliable cash flow and attractive returns.
With stable tenancy, flexible industrial use, and a prime College Point location near major transportation routes and the Flushing market, this property offers both immediate income and long-term upside for investors seeking durability and growth in the Queens industrial sector.
The property consists of two fully functional warehouse units. The first unit, approximately 1,200 square feet, is leased to an established fabric goods distributor. The second unit, approximately 2,000 square feet, is configured as a refrigerated warehouse and active business operation. Both warehouse spaces offer garage bay doors, approx. 11x9.
Combined, the units generate approximately $88,000 in annual rental income, with total operating expenses of roughly $28,000 per year, delivering reliable cash flow and attractive returns.
With stable tenancy, flexible industrial use, and a prime College Point location near major transportation routes and the Flushing market, this property offers both immediate income and long-term upside for investors seeking durability and growth in the Queens industrial sector.
Location
State NY
County Queens
Interior
Heating Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by BERKSHIRE HATHAWAY • Fatima Smith AHWD