116-01-03 14th RD Active Save Request In-Person Tour Request Virtual Tour
College Point,NY 11356
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY846468
Bedrooms 8
Full Baths 4
Year Built 1924
Annual Tax Amount $14,765
Property Sub-Type Quadruplex
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 apartment), 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
Interior
Heating Electric,Other
Cooling Wall/Window Unit(s)
Exterior
Utilities Available See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 129 Patricia Larkin
Middle Schools Jhs 194 William Carr
High Schools Flushing High School
School District Queens 25
Others
Special Listing Condition None