11-41 123rd Street, College Point, NY 11356

Property Description

Rare opportunity in the heart of College Point! This oversized Legal 7-Family is a detached, all-brick Italianate-style property offering exceptional scale and investment potential. Situated on approximately 9,503 SF of land, the building offers approximately 8,928 SF of living space, measuring approximately 48’ x 62’, with nearly 3,000 SF per floor. R4A zoning, annual property taxes approximately $23,742, and 8 electric meters. Bright and spacious throughout with impressive high ceilings, abundant windows, and excellent natural light. Layout: Main Level features two apartments, each with 2 bedrooms, living room with fireplace, open updated kitchen, Sunroom/Office, and bath. Second Level features two apartments, each with 2 bedrooms, living room with fireplace, open updated kitchen, and bath. Third Level features two spacious 3-bedroom, 1-bath apartments. Walk-In Level features an additional 4-bedroom, 1-bath apartment with living room and kitchen. Additional basement with separate entrance. Updated heating and electrical systems, multiple front and rear entrances, plus a long private driveway with parking for multiple cars. Conveniently located near shopping and transportation with easy access to buses connecting to Flushing/Main Street, subway and LIRR. Nearly 10,000 SF of land + approximately 9,000 SF of living space + Legal 7-Family + 8 electric meters + detached all-brick construction. Excellent opportunity for long-term investors and 1031 Exchange buyers. Cash preferred. Vacant and easy to show!