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 Market101
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: Aug 21
Last Checked: Sep 1 at 5:27AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$185,130
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
