Mixed-Use Building in College Point, NY


Executive Summary:

Price: $1,749,000
Building Size: 3,500 SF
Property Type: Mixed-Use
Lot Size: 0.11 Acres
Year Built: 1910
Projected Cap Rate: 6.82%
Projected NOI: $119,249
18-01 120th St, College Point, NY 11356

Investment Highlights

  • Mixed-Use Building Consisting of (2) Office Spaces and (2) MultiFamily Units
  • Fully-Occupied Building with Residential Tenants Paying Under Market Rents
  • There is 3,000 SF for 8 Truck/Van Parking Spaces Behind the Building & 2 Garage Spaces Available for Rent
  • Surrounded by Local Retail & Amenities
  • Walking Distance to the College Point Shopping Plaza
  • Close Proximity to LaGuardia Airport, the Whitestone Expy, the Grand Central Pkwy, & More

Investment Summary

American Investment Properties is retained to sell the property located at 18-01 120th St, College Point. At this location is a mixed-use building consisting of 2 office spaces and 2 multi-family units. The building is fully-occupied and the tenants are paying under market rents. There are 8 truck/van parking spaces available for rent behind the building in addition to 2 garage spaces that are available for rent. This property is near LaGuardia Airport, the Whitestone Expy, the Grand Central Pkwy, & more.

About College Point, NY

College Point is a working-middle-class neighborhood in the New York City borough of Queens. It is bounded to the South by Whitestone Expressway and Flushing; to the East by 138th Street and Malba/Whitestone; to the North by the East River; and the West by Flushing Bay. College Point is a mostly residential
ethnically diverse community with some industrial areas. The neighborhood is served by several parks and contains two yacht clubs.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
[email protected]
(O) 516.393.2300
(F) 516.390.5780

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