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Property Description

Located in the heart of College Point, just minutes from Flushing, this two-property portfolio presents a compelling investment opportunity in one of Queens’ most strategic and rapidly growing commercial corridors.

The portfolio includes a well-maintained industrial warehouse property and a mixed-use commercial and residential building, offering investors a balanced combination of stable income, flexible use, and long-term growth potential.

The industrial asset consists of two fully functional warehouse units totaling approximately 3,200 square feet. The first unit, approximately 1,200 square feet, is leased to an established fabric goods distributor, while the second, approximately 2,000 square feet, operates as a refrigerated warehouse and active business facility. Both units feature approximately 11’ x 9’ garage bay doors, supporting efficient loading and logistics operations. The property currently generates approximately $88,000 in annual rental income with operating expenses of roughly $28,000, providing strong cash flow and reliable performance.

The second property is a 5,234-square-foot mixed-use building offering both commercial flexibility and stable residential income. The lower level and ground floor provide approximately 660 to 2,000 square feet of adaptable office space with both front and side entrances, creating an ideal opportunity for an owner-user or additional commercial tenancy. The second and third floors consist of fully occupied multifamily apartment units, delivering steady in-place rental income.

Together, these properties provide a diversified investment profile combining industrial, commercial, and residential income streams. Positioned near major transportation routes and the economic hub of Flushing, the portfolio benefits from strong tenant demand, excellent accessibility, and the continued growth of the Queens market. This offering represents a rare opportunity for investors seeking dependable cash flow today with meaningful long-term upside.

Features
Heating System:
Oil, Natural Gas
Cooling System:
Wall/window Unit(s)
Basement:
Finished, Full, Walk-out Access, See Remarks
Sewer:
Public Sewer
Utilities:
Trash Collection Public, Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Queens
Directions:
College Point Blvd to 18th Ave, corner of 125th Ave & 18th Ave
Property and Construction
Development Status:
Brick
Agent MlsId:
137101
Office MlsId:
BHHS02
Special Listing Conditions:
No
Tax Annual Amount:
$51,500
Water Source:
Public
Zoning:
R4A/S3
PhotosCount:
5

Commercial Sale For Sale

124-17 and 124-15 18th Avenue, New York, NY

1,815 Acre
$2,710,000
Listing ID #967603
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
967603
Price :
$2,710,000
Bathrooms Total :
0
Building Area :
9,000 Sqft
Lot Area :
1,815 Acre
Year Built :
1930
Status :
Active
Status :
Active
Listing Office :
BERKSHIRE HATHAWAY
Listing Agent :
Fatima Smith AHWD
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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