124-17 and 124-15 18th Avenue, New York, NY, 11356
$2,710,000
activeLot Size
1,815 sqft
Year Built
1930
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Fill out the form below and an agent will get back to you.
Listed by Fatima Smith AHWD, BERKSHIRE HATHAWAY
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Mar 7, 2026, 9:53 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.