Commercial Kitchen with
For Sale
$839,898
145-20 14th Avenue, Whitestone, NY 11357
The property includes a full kitchen and central air conditioning.
Property Size1,050 SF
Price / SF$799.90
Days on Market49
Property Features for 145-20 14th Avenue
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Commercial
Zoning
R2A
Taxes and HOA fees
Annual Taxes
$15,641
Building Details
Building Size
1,050 SF
Year Built
1938
Buildings
1
Stories
1
Listing Agency:
Keller Williams Rlty Landmark
(718) 475-2700
Listed By:
Valentina Forgione SFR SRS
(718) 938-2989
Source:
Croninreale
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 3:56AM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
Configured for commercial kitchen use, the property has a full kitchen, central air conditioning, and a full basement. The basement provides additional interior space, and the building dates to 1938. Zoning is R2A.
Key Highlights
- Full basement
- Full kitchen
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,597
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,940
$971.9K
Cap Rate 7%
$694,243
$694.2K
Cap Rate 9%
$539,967
$540.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$69.3K $66.00/SF
− Vacancy
−$4.5K −$4.29/SF
EGI
$64.8K $61.71/SF
− OpEx
−$16.2K −$15.43/SF
NOI
$48.6K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,940
Cap Rate 7%
$694,243
Cap Rate 9%
$539,967
Alternative Uses
Best Use
Specialty Retail
$694.2K
$607.5K – $810.0K
NOI $48,597 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$94.4K
$82.6K – $110.1K
NOI $6,605 @ 7.0% cap · market cap 0.79%
Theoretical Best
Office A
$774.1K
$677.3K – $903.1K
NOI $54,185 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
846
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - The property includes a full kitchen and central air conditioning.
Where is this commercial kitchen located?
The property is located at 145-20 14th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $839,898.
What are key features of this property?
This property features: Full basement; Full kitchen; Central air conditioning
