Whitestone Mixed-Use Development
149-16 14th Avenue, Whitestone, NY 11357
COMMERCIAL - Whitestone, NY
Property size:
5,306 SFLot size:
0.17 AcresPrice / SF:
$433/SF- Added:
- Jan 22, 2026
- Days on Market:
- 114
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 149-16 14th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,306 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17628
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing agent Ioannis Gloumis (347) 992-3245
Listing office Compass Greater NY LLC 1468 Northern Blvd, New York, NY (516) 517-4751
Listing date Jan 22, 2026
MLS# 954726
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approved architectural plans for three mixed‑use buildings are included.
- Three contiguous development lots totaling approximately 0.170 acres (7419 Sq ft).
- Each building is designed with ground‑floor retail/commercial space and residential apartments above.
- Located in a prime Whitestone location.
- Strong retail demand and rental fundamentals in the area.
- Excellent access to Cross Island Parkway, public transportation, and surrounding amenities.
Overview
This offering presents a development opportunity in Whitestone, Queens, consisting of three contiguous lots totaling approximately 0.170 acres (7419 Sq ft). The lots are located at 149-16 14th Avenue, 149-18 14th Avenue, and 149-23 Cross Island Parkway. Approved architectural plans are in place for three mixed-use buildings, each designed with a ground-floor retail/commercial component and residential apartments above. The location offers excellent access to Cross Island Parkway, public transportation, and surrounding amenities. Strong retail demand and rental fundamentals characterize the area. 149-16 14th Avenue is a 2,000 Sq ft site with plans for a 3-story mixed-use building. It will contain 3 residential rental units and a 1,224 Sq ft commercial retail / office unit on the first floor, plus a 2-BR + rear terrace (950 Sq ft) unit on the 2nd floor and a 1-BR (575 Sq ft) and a rear studio (375 Sq ft) units on the 3rd floor. The total gross building area is estimated at 3,234 Sq ft above grade. 149-18 14th Avenue is a 2,000 Sq ft site, also proposed for a 3-story mixed-use building. It will contain 3 residential rental units and a 1,224 Sq ft commercial retail / office unit on the first floor, plus a 2-BR + rear terrace (950 Sq ft) unit on the 2nd floor and a 1-BR (575 Sq ft) and a rear studio (375 Sq ft) units on the 3rd floor. The total gross building area is estimated at 3,234 Sq ft above grade. 149-23 Cross Island Parkway is a 3,419 Sq ft site, proposed for a 3-story mixed-use building, containing 5 residential rental units and a 1,894 Sq ft commercial office unit on the first floor, with a combination of one studio and four one-bedroom units. The total gross building area is estimated at 5,306 Sq ft above grade.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.44M
NOI $129,702 @ 9.00% cap · cautious / downside scenario
Moderate
$1.85M
NOI $129,702 @ 7.00% cap · market / base-case scenario
Aggressive
$2.59M
NOI $129,702 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.1k | $46.20 |
| − Vacancy | −$9.3k | −$1.76 |
| EGI | $235.8k | $44.44 |
| − OpEx | −$106.1k | −$20.00 |
| NOI | $129.7k | $24.44 |
5,306 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,702 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$1.35M
$1.18M – $1.58M
NOI $94,712 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,815 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Whitestone
- County
- Queens
- State
- New York
- Longitude
- -73.815264
- Latitude
- 40.788299
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Approved plans for three mixed-use buildings in Whitestone, Queens.
Where is this mixed-use property located?
The property is located at 149-16 14th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Approved architectural plans for three mixed‑use buildings are included.; Three contiguous development lots totaling approximately 0.170 acres (7419 Sq ft).; Each building is designed with ground‑floor retail/commercial space and residential apartments above.
