Contacts
B Square Realty
Property Details
- Property Type Mixed Use
- Property Size 5,145 SF
- Units 4
- Lot Size 2,773 SF
- Cap Rate % 5.2
- Property Tenancy Multi-Tenant
- Year Built 1924
- Date Updated May 13, 2025
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 apartments), 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.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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82/100
Walk Score ®
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56/100
Transit Score ®
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53/100
Bike Score ®
Location
- City Queens, NY
- Neighborhood College Point
- Zip Code 11356
- Market Queens
Points of Interest
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7 Train Stair Entrance
2.11 miles
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Flushing–Main Street
2.12 miles
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7 Train Escalator Entrance
2.14 miles
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Platform A
2.17 miles
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Platform B
2.19 miles
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Mets-Willets Point LIRR Platform
2.28 miles
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Elevator Platform B
2.53 miles
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Elevator Platform A
2.53 miles
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Junction Boulevard
2.60 miles
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Astoria–Ditmars Boulevard
3.10 miles
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Conoco
0.80 miles
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Gulf
1.33 miles
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Mobil
1.62 miles
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Sunoco
1.66 miles
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BP
1.74 miles
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Shell
1.94 miles
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Tesla Supercharger
3.54 miles
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Zip Car Charging Station
3.75 miles
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plugNYC
4.80 miles
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eVgo
4.84 miles
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Daily Parking - Terminal C
1.20 miles
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Airpark
1.33 miles
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Terminal B Parking Garage
1.39 miles
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LGA Cell Phone Waiting Lot
1.61 miles
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For-Hire Vehicle Holding Lot LGA Airport
1.65 miles
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P10 Terminal B Wait Area and Employee Parking
1.69 miles
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LGA 23rd Avenue FHV Staging Lot
1.77 miles
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Bus Parking
1.89 miles
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Terminal A Parking
1.91 miles
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P7
1.98 miles
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voco Fiorello LaGuardia East
0.69 miles
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Hotel de Point
0.69 miles
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l
1.31 miles
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Aloft New York LaGuardia Airport
1.32 miles
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New York LaGuardia Airport Marriott
1.32 miles
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Hampton Inn LaGuardia
1.38 miles
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LaGuardia Plaza Hotel
1.40 miles
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Clarion Hotel
1.58 miles
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Courtyard Marriott
1.74 miles
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Hotel Key
1.75 miles
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All Nations Food Market
0.43 miles
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City Fresh Market
0.46 miles
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ShopRite
0.95 miles
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Target
1.05 miles
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TJ Maxx
1.14 miles
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Stop & Shop
1.46 miles
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H Mart
1.64 miles
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Fair Trade
1.81 miles
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Jaily international Deli inc. Grocery
1.87 miles
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Pioneer Supermarket
1.98 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
B Square Realty
