12208 23rd Ave - Multi-Family FOR SALE


College Point, NY 11356
$1,598,000 USD
347-878-2021
12208 23rd Ave, College Point, NY for Sale
$1,598,000 USD
Multi-Family - FOR SALE
1/30
null | Request Cap Rate

12208 23rd Ave
College Point, NY 11356


HIGHLIGHTS

  • Fully renovated; turnkey condition
  • Private garage, driveway & extended paved frontage
  • Heated driveway and sidewalk, no snow shoveling needed!
  • Fully finished basement with windows and high ceilings
  • Just 10 minutes to Main St. Flushing
  • Perfect for 1031 exchange, owner-user with rental income, or long-term hold.

OVERVIEW

Investment Opportunity – Multi-Family Brick Property | College Point, Queens. --- Fully renovated, turnkey 2-family income property in prime College Point—ideal for investors seeking strong rental potential and minimal maintenance. This solid semi-detached brick building offers 3 full levels above grade plus a finished basement with high ceilings and windows, providing flexible use or additional tenant space. --- The property is fully upgraded, featuring modern interiors, separate heating systems, and 3 electrical meters for clear tenant utility billing. A heated driveway and sidewalk reduce winter maintenance, while a private garage, driveway, and extended paved frontage physically accommodate up to 5 vehicles, depending on vehicle size and positioning—a rare convenience in this neighborhood. --- Located just half a block from the Q26 bus (direct to Downtown Flushing) and steps from 24/7 amenities including 7-Eleven, the property provides unbeatable tenant convenience and strong long-term demand. --- Surrounded by neighborhood retail, dining, parks, and schools, this well-positioned asset offers a stable income stream and appreciation upside in one of Queens’ most sought-after residential-investment corridors. --- Highlights: • Legal 2-family brick construction (semi-detached) • Fully renovated; turnkey condition • Finished basement with high ceilings & windows • 3 electrical meters (tenant-paid utilities) • Heated driveway & sidewalk – no snow removal needed! • Private garage, driveway & extended paved frontage can fit up to 5 vehicles, depending on vehicle size/positioning • Proximity to Q26 bus & 24/7 store (½ block) • Strong rental demand area near Flushing • Perfect for 1031 exchange, owner-user with rental income, or long-term hold

FOR SALE DETAILS

PRICE

$1,598,000 USD

PRICE/SF

$604 USD /SF

# OF UNITS

2

PRICE/UNIT

$799,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime College Point Multi-Family Building

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R5B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rick KongLK & LYMore Info
347-878-2021

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Rick KongLK & LYMore Info
347-878-2021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.