Nest Seekers

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.

124-15 18th Avenue
New York, NY 11356

Listing

Web ID:5809067
Website:https://www.nestseekers.com/5809067

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio

Financials

Price:$1,390,000
Annual Taxes:$19,702

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

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Prospes Real Estate Corp
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