Storefront Bank
150-07 14th Avenue Whitestone, NY 11357
For Sale
Contact for pricing
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 Market63
Property Features for 150-07 14th Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Building Details
Year Built
1951
Listing Agency:
Sothebys International Realty
Listed By:
Michelle han · License #NJ
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 29 at 2:46PM
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 For Specialty Retail
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 | $264.0k | $66.00 |
| − Vacancy | −$17.2k | −$4.29 |
| EGI | $246.8k | $61.71 |
| − OpEx | −$61.7k | −$15.43 |
| NOI | $185.1k | $46.28 |
4,000 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
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
Location Intelligence
Current Use
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
