Located near Flushing, in the heart of College Point, this income-producing property features two functional warehouse units.
The first unit — approximately 1,200 square feet — is currently leased to a fabric goods distributor.
The second, about 2,000 square feet, operates as a refrigerated goods warehouse and active business space.
Together, they generate a solid annual rental income of around $87,000, with total yearly expenses of approximately $28,000.
This property offers steady cash flow, flexible usage, and a prime Queens location, making it an excellent investment opportunity for those seeking long-term stability and growth.
12409 18th Avenue, 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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