MLS#1050638
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 25
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!
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Lot Size: 0.22 Acres
Taxes: $23,743
Year Built: 1928
Feature Descriptions
Building Area Total: 8928
Exterior: Stone
On Market Date: 2026-09-14
Parcel Number: 03997-0040
Parking Features: Driveway
Rental Term: Monthly
Separate Electric Meters: 8
Sewer: Public Sewer
Units: 7
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Queens 25
Listed By / Shown By
Listing By
Agency Name: Chase Global Realty Corp
Agency Contact: 718-355-8788
Shown By
Agent Name: Sabrina Demiris
Agent Phone: Cell: (516) 547-2649
Agency Title: Coldwell Banker American Homes
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1141 123th Street | MLS# 1050638
This commercial property located at 1141 123th Street , College Point, NY 11356 is currently listed for sale with an asking price of $1,688,000. 123th Street is located within the Queens 25 school district. Search College Point real estate on sdemiris.cbamhomes.com today.