Supermarket and Retail
For Sale
$3,800,000
150-15 14th Avenue, Whitestone, NY 11357
Established supermarket operation with the underlying building included in the offering.
Property Size7,872 SF
Days on Market76
Property Features for 150-15 14th Avenue
General Information
Standard status
Active
Size
7,872 SF
Property subtype
Commercial
Zoning
R3-2
Financials
Asking Price
$4,300,000
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$70,000
Building Details
Building Size
7,872 SF
Year Built
1953
Stories
1
Units
1
Listing Agency:
Promise Realty LLC
(917) 268-8877
Listed By:
Eun S. Lee
(917) 268-8877
Source:
Cornerstonemyhome
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 30 at 5:34PM
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 Promise Realty LLC
Investment Insights
Based on property information with market context.
This commercial property includes a supermarket occupying the building, with the operating business and real estate offered as a combined acquisition. The structure dates to 1953 and carries R3-2 zoning.
The supermarket reports approximately $3.8 million in annual sales and an estimated 10% net profit margin. The offering provides an opportunity to acquire both the physical retail property and the business operating within it.
The supermarket reports approximately $3.8 million in annual sales and an estimated 10% net profit margin. The offering provides an opportunity to acquire both the physical retail property and the business operating within it.
Key Highlights
- Supermarket business and building offered together
- Currently occupied by a supermarket
- Approximately $3.8 million in annual sales
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
$140,515
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
3.70%
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%
$2,810,300
$2.8M
Cap Rate 7%
$2,007,357
$2.0M
Cap Rate 9%
$1,561,278
$1.6M
Market Conditions
NOI Build-Up for 7,872 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
$236.2K $30.00/SF
− Vacancy
−$35.4K −$4.50/SF
EGI
$200.7K $25.50/SF
− OpEx
−$60.2K −$7.65/SF
NOI
$140.5K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,810,300
Cap Rate 7%
$2,007,357
Cap Rate 9%
$1,561,278
Alternative Uses
Best Use
Specialty Retail
$5.20M
$4.55M – $6.07M
NOI $364,336 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$2.01M
$1.76M – $2.34M
NOI $140,515 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$5.80M
$5.08M – $6.77M
NOI $406,233 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- City Fresh Market — 122-17 20th Ave, College Point, NY 11356
- College Point Ny 11356 — 114-02 15th Ave, College Point, NY 11356
- Key Food Supermarkets — 15-19 College Point Blvd, Queens, NY 11356
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established supermarket operation with the underlying building included in the offering.
Where is this grocery and convenience store located?
The property is located at 150-15 14th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Supermarket business and building offered together; Currently occupied by a supermarket; Approximately $3.8 million in annual sales
