Industrial Warehouse with
14-24 118th Street College Point, NY 11356
14-24 118th Street, College Point, NY, 11356
$2,150,000
For Sale
$2,150,000
Industrial warehouse with double swing doors and two-sided office and mezzanine space for adaptable operations.
Property Size30,000 SF
Price / SF$71.67
Days on Market342
Property Features for 14-24 118th Street
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing agency
Keller Williams Points North
(631) 626-0972
Listed by
Jeffrey Nathanson · License #10401327004
(631) 626-0972
Source
Cohenandcohenrealty
Added: Aug 15, 2025 Updated: Jul 22 at 2:25PM Checked: Jul 22 at 2:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Points North
Investment Insights
Based on property information with market context.
Industrial warehouse building totaling over 6,000+ sq ft, featuring a large open warehouse area with double swing doors for loading and unloading. The building also includes two office/mezzanine zones positioned on each side of the warehouse, with one side offering space that can be configured to three offices and an existing bathroom.
On the opposite side, the layout includes a lobby, reception area with multiple workspaces, a private office, and a conference room/flex office area, along with three bathrooms. Upstairs is served by three large offices designed for oversized desks.
Zoned for industrial use, the property is described as offering the ability to pursue office build-out and mezzanine storage, with convenient access to major thoroughfares including the Whitestone Expressway and Van Wyck Expressway and proximity to LaGuardia Airport.
On the opposite side, the layout includes a lobby, reception area with multiple workspaces, a private office, and a conference room/flex office area, along with three bathrooms. Upstairs is served by three large offices designed for oversized desks.
Zoned for industrial use, the property is described as offering the ability to pursue office build-out and mezzanine storage, with convenient access to major thoroughfares including the Whitestone Expressway and Van Wyck Expressway and proximity to LaGuardia Airport.
Key Highlights
- 1927 industrial warehouse with over 6,000+ SF in College Point
- Warehouse area of approx. 3,000+ SF with double swing doors for loading and unloading
- Two‑sided office/mezzanine setup with office areas on each side of the warehouse
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $284.4k | $9.48 |
| − Vacancy | −$14.8k | −$0.49 |
| EGI | $269.6k | $8.99 |
| − OpEx | −$80.9k | −$2.70 |
| NOI | $188.7k | $6.29 |
30,000 SF · lease $9.48/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$14.11M
$12.35M – $16.46M
NOI $987,714 @ 7.0% cap · market cap 45.94%
Second Best
Flex RnD
$6.80M
$5.95M – $7.94M
NOI $476,190 @ 7.0% cap · market cap 22.15%
Theoretical Best
Office A
$22.12M
$19.35M – $25.80M
NOI $1,548,144 @ 7.0% cap · market cap 72.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Larimer Catering — 121st St, Queens, NY 11356
FAQs
What type of property is this?
Flex space - Industrial warehouse with double swing doors and two-sided office and mezzanine space for adaptable operations.
Where is this flex space located?
The property is located at 14-24 118th Street College Point, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 1927 industrial warehouse with over 6,000+ SF in College Point; Warehouse area of approx. 3,000+ SF with double swing doors for loading and unloading; Two‑sided office/mezzanine setup with office areas on each side of the warehouse
