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$ 1,390,000
Est. payment | /mo
$ 1,390,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1064075
Rental Info No
Year Built 1961
Annual Tax Amount $19,702
Property Sub-Type Warehouse
Source onekey2
Property 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 1,100-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.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Ductless
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
Building
Sewer Public Sewer
Water Public
Structure Type Block
Schools
Elementary Schools Ps 129 Patricia Larkin
Middle Schools Jhs 194 William Carr
High Schools Queens 25
School District Queens 25
Others
Special Listing Condition None
Listed by Prospes Real Estate Corp • Tong Jiang CBR
Nearby Locations
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Jeffrey Jimenez
Licensed Real Estate Salesperson License ID: 10401267947