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$ 1,280,000
Est. payment | /mo
$ 1,280,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY846315
Originating Board onekey2
Rental Info No
Year Built 1924
Annual Tax Amount $14,765
Property Sub-Type Mixed Use
Property Description
Exceptional Investment Opportunity in the Heart of College Point
Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside.
Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It's a well-rounded asset offering multiple income streams.
The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside.
With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low.
Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don't miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside.
Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It's a well-rounded asset offering multiple income streams.
The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside.
With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low.
Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don't miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
Location
State NY
County Queens
Rooms
Basement Full, Partially Finished
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by B Square Realty
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70 Charles Lindbergh Blvd #201, Uniondale, New York, 11553, USA