Operating Supermarket
For Sale
$3,800,000
150-15 14th Avenue, Whitestone, NY 11357
The sale includes the operating grocery business along with its building.
Property Size7,872 SF
Price / SF$482.72
Days on Market134
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
Additional Details
Tenant in Place
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
(718) 445-0000
Listed By:
Eun S. Lee
(917) 268-8877
Source:
Croninreale
Added: Jun 17
Changed: Oct 25
Last Checked: Oct 26 at 3:57AM
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
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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.
An operating supermarket occupies the property, and the offering combines the business with the real estate. The building dates to 1953 and is zoned R3-2.
The supermarket reports an estimated net profit margin of 10%. The property is located in Whitestone, New York.
The supermarket reports an estimated net profit margin of 10%. The property is located in Whitestone, New York.
Key Highlights
- Operating supermarket and building offered together
- Supermarket reports an estimated 10% net profit margin
- Building constructed in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,515
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Eat Fresh Supermarket — 20-04 College Point Blvd, Queens, NY 11356
- BAHARZ — 20-02 College Point Blvd, Flushing, NY 11356
- 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 - The sale includes the operating grocery business along with its building.
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: Operating supermarket and building offered together; Supermarket reports an estimated 10% net profit margin; Building constructed in 1953
