Storefront Bank
For Sale
Contact for pricing
150-07 14th Avenue, Whitestone, NY 11357
For sale storefront bank property in Whitestone with convenient access to major routes via the Whitestone Expressway and Bridge.
Property Size4,000 SF
Price / SF$733.33
Days on Market146
Property Features for 150-07 14th Avenue
General Information
Standard status
Active
Size
4,000 SF
Class
C
Property subtype
Retail
Zoning
R3-2
Lease Type
NNN
Net Operating Income
$154,000
Additional Details
Highway Access
Yes
Building Details
Year Built
1951
Listing Agency:
Sothebys International Realty
Listed By:
Michelle han · License #NJ
Source:
Crexi
Added: May 29
Changed: Oct 8
Last Checked: Oct 20 at 8:27PM
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 Sothebys International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
150-07 14th Avenue is a for-sale storefront bank property located in Whitestone, Queens. The offering is sized at approximately 4,000 square feet and is presented as a commercial retail-oriented asset with a bank storefront format.
The property’s practical location in Whitestone places it near the Whitestone Expressway and the Whitestone Bridge, supporting regional connectivity throughout Queens and the broader New York metropolitan area.
This is a straightforward fit for a buyer seeking a retail storefront bank property in Whitestone, or for an operator evaluating a neighborhood commercial site with established storefront visibility. The property’s configuration as a storefront bank use can align well with tenants that require a dedicated street-facing banking presence, and its proximity to major thoroughfares may support consistent customer access for daily service needs.
The property’s practical location in Whitestone places it near the Whitestone Expressway and the Whitestone Bridge, supporting regional connectivity throughout Queens and the broader New York metropolitan area.
This is a straightforward fit for a buyer seeking a retail storefront bank property in Whitestone, or for an operator evaluating a neighborhood commercial site with established storefront visibility. The property’s configuration as a storefront bank use can align well with tenants that require a dedicated street-facing banking presence, and its proximity to major thoroughfares may support consistent customer access for daily service needs.
Key Highlights
- Year built: 1951
- For‑sale storefront bank property in Whitestone, Queens
- Convenient access to major routes via Whitestone Expressway and Whitestone Bridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,130
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,702,600
$3.7M
Cap Rate 7%
$2,644,714
$2.6M
Cap Rate 9%
$2,057,000
$2.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$264.0K $66.00/SF
− Vacancy
−$17.2K −$4.29/SF
EGI
$246.8K $61.71/SF
− OpEx
−$61.7K −$15.43/SF
NOI
$185.1K $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%
$3,702,600
Cap Rate 7%
$2,644,714
Cap Rate 9%
$2,057,000
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.09M
NOI $185,130 @ 7.0% cap · market cap 6.31%
Second Best
Retail
$1.02M
$892.5K – $1.19M
NOI $71,400 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
856
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - For sale storefront bank property in Whitestone with convenient access to major routes via the Whitestone Expressway and Bridge.
Where is this bank located?
The property is located at 150-07 14th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $2,933,333.
What are key features of this property?
This property features: Year built: 1951; For‑sale storefront bank property in Whitestone, Queens; Convenient access to major routes via Whitestone Expressway and Whitestone Bridge
