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    12409 18Th Ave Flushing, NY 11356

    For Sale
    $1,490,000

    Two warehouse units in Queens, generating $87,000 annual income.

    Lot size:
    0.10 Acres

    Property Features for 12409 18Th Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1961

    Source: RE/MAX Frontier Agent Soon K. Jung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Warehouse in College Point

    Located in College Point, near Flushing, this property includes two warehouse units. The first unit, approximately 1,200 square feet, is leased to a fabric goods distributor. The second unit, about 2,000 square feet, operates as a refrigerated goods warehouse and active business space. Together, the units generate an annual rental income of approximately $87,000, with total yearly expenses of approximately $28,000. This property offers steady cash flow and flexible usage in a Queens location, presenting an investment opportunity for long-term stability and growth.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    City Closet Self Storage, Bounce Luggage Storage - Flushing, Ralph express moving inc., Villevelo Self Storage Units, College Point Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.843518
    Latitude
    40.783437

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    FAQs

    What type of property is this?
    Warehouse - Two warehouse units in Queens, generating $87,000 annual income.
    Where is this warehouse located?
    The property is located at 12409 18Th Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: - High annual rental income of approximately $87,000.; - Prime Queens location near Flushing in College Point.; - Two functional warehouse units with existing tenants.
    (917) 859-0002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12409 18Th Ave Flushing, NY 11356
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