Three-Unit Mixed-Use
New
For Sale
$2,550,000
12-06 149th Street, Whitestone, NY 11357
R2-zoned property combines two commercial spaces with an upper-level residence and an unfinished basement.
Property Size6,748 SF
Price / SF$377.89
Days on Market2
Property Features for 12-06 149th Street
General Information
Standard status
Active
Size
6,748 SF
Property subtype
Commercial
Zoning
R2
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$36,874
Building Details
Year Built
1931
Listing Agency:
Jamie Realty Group
(516) 992-2888
Listed By:
Xiao Zheng ([email protected])
Source:
Iaquintarealestate
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jamie Realty Group
Investment Insights
Based on property information with market context.
Located at 12-06 149th Street in Whitestone, this three-unit mixed-use property was built in 1931 and includes two commercial spaces on the first floor. One space measures 2,102 interior sq ft and the other measures 3,854 interior sq ft; each includes one half bathroom. The second floor contains a residential layout with four bedrooms, two full bathrooms, a living/dining room, and a kitchen. A full unfinished basement provides additional area within the building.
The property sits on an 82.17X85 IRR lot with an 82X47 building footprint and is zoned R2. Utility service includes four electric meters and two gas meters. Shops, restaurants, parks, and schools are nearby, with access to the Q15 bus also noted.
The property sits on an 82.17X85 IRR lot with an 82X47 building footprint and is zoned R2. Utility service includes four electric meters and two gas meters. Shops, restaurants, parks, and schools are nearby, with access to the Q15 bus also noted.
Key Highlights
- Two first‑floor commercial spaces measuring 2,102 interior sq ft and 3,854 interior sq ft
- Upper‑level residence with 4 bedrooms and 2 full bathrooms
- 82.17X85 IRR lot with an 82X47 building
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $311.8k | $46.20 |
| − Vacancy | −$11.8k | −$1.76 |
| EGI | $299.9k | $44.44 |
| − OpEx | −$135.0k | −$20.00 |
| NOI | $165.0k | $24.44 |
6,748 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.06M – $2.75M
NOI $164,951 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $86,847 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,229 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 11357, NY
42,319
Population
16,586
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
15,114
Density / Sq Mi
$97,754
Median Household Income
$58,814
Median Earnings
$2,228
Median Rent
$920,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - R2-zoned property combines two commercial spaces with an upper-level residence and an unfinished basement.
Where is this mixed-use property located?
The property is located at 12-06 149th Street Whitestone, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Two first‑floor commercial spaces measuring 2,102 interior sq ft and 3,854 interior sq ft; Upper‑level residence with 4 bedrooms and 2 full bathrooms; 82.17X85 IRR lot with an 82X47 building
