124-17 and 124-15 18th Avenue, College Point, NY 11356

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.