124-15 18th Avenue, College Point, NY 11356
Queens County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Year Built
1961
Living Area
3,185 sq ft
Lot Size
0.10 acres
Days on Market
117
MLS® Listing#
967597
Property Features
Cooling
Heating
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$19,553
Assessed Value
$184,050
Parcel Number
04088-0040
Directions
College Point Blvd to 18th Ave, corner of 18th Ave and 125th St
Affordability Calculator
$278,000
Estimated monthly payment
$7,398/mo
Principal $1,112,000 · Est. interest $1,551,339 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in College Point, NY
- $812,121
- Median Listing Price
- 72
- Median Days on Market
- 1,800
- Median Sq Ft
- $481
- Median Price / Sq Ft
- 206
- Active Listings
- This home’s price is 71% above the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in College Point, NY.
Location
Points of Interest in College Point, NY
Showing the College Point area map.
Nearby Schools
College Point Collaborative
Secondary School · 0.1 mi away
P. S. 029 Queens
Elementary · 0.4 mi away
P. S 129 Patricia Larkin
Elementary · 0.5 mi away
Promise Christian Academy
School · 1.0 mi away
The Lowell School
School · 1.1 mi away
Linden Family Welcome Center
School · 1.1 mi away
PS 242 Leonard P Stavisky Early Childhood School
Elementary · 1.1 mi away
P. S. 214 Cadwallader Colden
Elementary · 1.2 mi away
豐盛恩典新造教會abundant Grace New Creation Church
School · 1.3 mi away
PS 79
Elementary · 1.4 mi away
JHS 185 Edward Bleeker
Secondary · 1.4 mi away
PS 21
Elementary · 1.4 mi away
Queens Academy High School
Secondary · 1.5 mi away
Flushing High School
Secondary · 1.5 mi away
GPS Academic Planning Center
School · 1.6 mi away
Qsac School
Elementary · 1.6 mi away
Premier Education Center
School · 1.6 mi away
Faith Theological Seminary First Korean Church of New York
School · 1.6 mi away
Windsor School
School · 1.6 mi away
Whitestone Academy
School · 1.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1414 114th Street, College Point, NY | $975,000 | 4 | 2 | 1,472 |
| 14 Vargas (AKA 70 Jessup Ln) Circle, Stony Point, NY | $975,000 | 5 | 3 | 2,600 |
| 10 Vargas (AKA 70 Jessup Ln) Circle, Stony Point, NY | $975,000 | 5 | 3 | 2,600 |
| 22 Pyngyp Road, Stony Point, NY | $979,000 | 4 | 3 | 3,010 |
| 341 Call Hollow Road, Stony Point, NY | $979,000 | 5 | 3 | 2,580 |
| Lot 27 Gail Circle, Rocky Point, NY | $979,999 | 3 | 3 | 1,850 |
Moving Cost Estimate
EXIT Agents in College Point
Listing Courtesy: BERKSHIRE HATHAWAY - 5167413070
Presented by: Fatima Smith AHWD
Fair Housing Notice