Siddharth Khemani
Call: (516) 757-7878
Text: (516) 757-7878
BEDS0
BATHS
MLS#1039889
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
Rare 6-family investment opportunity in central College Point! This fully detached 3-story building sits on an oversized 5,000 sq. ft. lot and requires a full renovation-perfect for an investor aiming to renovate and capture market rents.Key Features:Layout: 6 two-bedroom apartments (12 BD / 6 BA total) plus a full basement.Occupancy: 5 units delivered VACANT at closing; 1 unit occupied.Parking & Yard: Detached 2-car garage, and additional 3 Parking , large backyard, and ample extra parking.Location: Minutes to shopping, dining, schools, public transit, and major highways.
Property Features
Property Type: Commercial -
Basement: Full, Partially Finished, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Natural Gas
Lot Size: 0.11 Acres
Stories: 3.0
Taxes: $18,435
Year Built: 1931
Feature Descriptions
Building Area Total: 5400
Cap Rate: 11103
Days on Site: 6
Exterior: Aluminum Siding
Heating Units: 1
Heating Zones: 1
On Market Date: 2026-08-18
Parcel Number: 04086-0031
Parking Features: Carport, Detached, Driveway, Garage
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 7
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
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Listed By / Shown By
Listing By
Agency Name: Realty Executives Today
Agency Contact: 718-274-2400
Shown By
Agent Name: Siddharth Khemani
Agent Phone: (516) 757-7878
Agency Title: Laffey Real Estate
1524 124th Street | MLS# 1039889
This commercial property located at 1524 124th Street , College Point, NY 11356 is currently listed for sale with an asking price of $1,025,000. 124th Street is located within the Contact Agent school district. Search College Point real estate on siddharthkhemani.laffey.com today.