Industrial Warehouse with Double Swing
14-24 118th Street College Point, NY 11356
For Sale
$1,850,000
COMMERCIAL - College Point, NY
Property Size6,000 SF
Lot Size0.11 Acres
Price / SF$308.33
Days on Market353
Property Features for 14-24 118th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Partial
Standard status
Active
APN
04052-0024
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
29008
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Building materials
Frame
Listing Agency:
Keller Williams Points North
(516) 865-1800
Listed By:
Jeffrey Nathanson · License #10401327004
(631) 626-0972
Added: Aug 12, 2025
Changed: Jul 29
Last Checked: Jul 30 at 5:06AM
MLS# 900624
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse includes a large main warehouse area with double swing doors for loading and unloading. Office and mezzanine space is positioned on both sides of the warehouse, with one side offering room to configure up to three offices plus an existing bathroom. The other side features a lobby and reception area with multiple workspaces, a private office, and a conference room/flex office space, along with multiple bathrooms. Upstairs, there are three large offices designed for substantial desk setups.
The property is conveniently located near major thoroughfares, including the Whitestone Expressway and Van Wyck Expressway, with minutes to LaGuardia Airport—supporting access for employees, clients, and deliveries.
Zoned for industrial use, the building presents potential for office build-out and mezzanine storage.
The property is conveniently located near major thoroughfares, including the Whitestone Expressway and Van Wyck Expressway, with minutes to LaGuardia Airport—supporting access for employees, clients, and deliveries.
Zoned for industrial use, the building presents potential for office build-out and mezzanine storage.
Key Highlights
- Industrial warehouse with over 6,000 SF in College Point
- Includes a ~3,000 SF warehouse area with double swing doors for loading and unloading
- Office and mezzanine setup: 2 office/mezzanine areas on each side of the warehouse
Financial Insights For Flex RnD
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 | $158.4k | $26.40 |
| − Vacancy | −$11.9k | −$1.98 |
| EGI | $146.5k | $24.42 |
| − OpEx | −$51.3k | −$8.55 |
| NOI | $95.2k | $15.87 |
6,000 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.82M
$2.47M – $3.29M
NOI $197,543 @ 7.0% cap · market cap 10.68%
Second Best
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,238 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,629 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Larimer Catering — 121st St, Queens, NY 11356
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse loading is supported by double swing doors, complemented by office and mezzanine space with multiple bathrooms.
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 $1,850,000.
What are key features of this property?
This property features: Industrial warehouse with over 6,000 SF in College Point; Includes a ~3,000 SF warehouse area with double swing doors for loading and unloading; Office and mezzanine setup: 2 office/mezzanine areas on each side of the warehouse
