Ad #7354857
MLS #967603
Located in the heart of College Point, just minutes from
124-17 and 124-15 18th Ave, College Point, NY 11356
$2,609,000
--Beds
--Baths
--Sqft
0.04Acres
About this property
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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1930
0.04 Acres
Siding: Brick
Natural Gas, Oil
$51,500 / yr property tax
Queens County
Additional Photos
Contact Information
Fatima Smith AHWD
Laffey International Realt Estate
516-668-9154
Location
Listing Agent: Fatima Smith AHWD 516-668-9154
Broker: Laffey International Realt Estate 516-308-0550 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Laffey International Realt Estate 516-308-0550 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$2,609,000
--
Beds
--
Baths
--
Sqft
124-17 and 124-15 18th Ave, College Point, NY 11356
By contacting this agent you agree to these Terms and Conditions.
MLS# 967603
Located in the heart of College Point, just minutes from
$2,609,000
124-17 and 124-15 18th Ave, College Point, NY 11356
--
Beds
--
Baths
--
Sqft
0.04
Acres
$2,609,000
124-17 and 124-15 18th Ave, College Point, NY 11356
-- Beds
-- Baths
-- Sqft
0.04 Acres
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.
160 days
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1930
0.04 Acres
EXTERIOR
Siding: Brick
INTERIOR
Natural Gas, Oil
FINANCIAL & COMMUNITY
$51,500 / yr property tax
Queens County
See More Details
Location
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Ad Statistics
Ad Number
7354857
Viewed
160 times
Listing Status
Active
Added
Mar 04, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
967603
Listing Agent: Fatima Smith AHWD 516-668-9154
Broker: Laffey International Realt Estate 516-308-0550 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Laffey International Realt Estate 516-308-0550 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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