124-15 18th Avenue
New York, NY 11356

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio

Financials

Price:$1,390,000
Annual Taxes:$19,702
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Prospes Real Estate Corp

Located in the heart of College Point, just minutes from Flushing, this well maintained, income producing industrial property offers an excellent investment opportunity in one of Queens key commercial corridors.

Description

Located in the heart of College Point, just minutes from Flushing, this well-maintained, income-producing industrial property offers an excellent investment opportunity in one of Queens’ key commercial corridors. The property features two functional warehouse units: an approximately 1,200-square-foot space leased to an established fabric goods distributor and an approximately 2,000-square-foot refrigerated warehouse with an active business operation. Both units are equipped with garage bay doors measuring approximately 11' x 9'. Together, the units generate approximately $87,600 in annual rental income, with estimated annual operating expenses of $28,000, offering attractive cash flow potential. With established tenants, versatile industrial space, and convenient access to major transportation routes and the Flushing market, this property presents an appealing opportunity for investors seeking steady income and long-term growth potential in Queens’ industrial sector.

Amenities

  • Electricity Connected
  • Sewer Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.