Excellent mixed-use investment opportunity in Downtown College Point, featuring a well-maintained 3-floor building (plus basement) with a legal two-family residence and street-level storefront. Built in 2010, the property includes two spacious 2-bedroom units (one each on the 2nd and 3rd floors), a 1st-floor office/storefront ideal for retail or professional use, two parking spots, and a private backyard. Located on 20th Ave near major retailers like Tsla, Bank of America, Walgreens, and Dunkin’, it boasts high foot traffic and easy access to transit (#7 train, Q20A/Q65 buses). With 9 years remaining on tax abatement (current taxes: $6,749/year), separate utility meters (4 electric, 3 gas), and a prime commercial corridor setting, this turnkey asset offers strong income potential and long-term value. A must-see for investors or owner-users.
20-11 College Point Boulevard, College Point, NY, 11356
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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