Mixed-Use Building with Ground
For Sale
$2,280,000
150-18 12th Road, Whitestone, NY 11357
New mixed-use building with street-facing retail, full basement, and two 3-bedroom, 1-bath residential units.
Property Size2,954 SF
Days on Market137
Property Features for 150-18 12th Road
General Information
Standard status
Active
Size
2,954 SF
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,214
Amenities
Electric
Full
Building Details
Building Size
2,954 SF
Year Built
2026
Buildings
1
Listing Agency:
P R O Links Realty Inc
Listed By:
Siang Liu
(917) 418-8233
Source:
Evrealestate
Added: Apr 22
Changed: Sep 4
Last Checked: Aug 25 at 8:07AM
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 P R O Links Realty Inc
Investment Insights
Based on property information with market context.
This newly constructed mixed-use building includes a full street-facing retail space on the ground floor with a full basement. A gas line is connected, offering flexibility for a range of commercial uses that require gas service.
The upper floors feature two full-floor residential apartments, each laid out with three bedrooms and one bathroom. The second floor includes a private terrace, and the third floor includes a balcony.
The property is presented for sale as a mixed-use investment with an owner-user option, combining street-level commercial space with residential rental units across two separate full floors.
The upper floors feature two full-floor residential apartments, each laid out with three bedrooms and one bathroom. The second floor includes a private terrace, and the third floor includes a balcony.
The property is presented for sale as a mixed-use investment with an owner-user option, combining street-level commercial space with residential rental units across two separate full floors.
Key Highlights
- New mixed‑use building (Year Built: 2026) with street‑facing retail on the ground floor
- Ground‑floor retail includes a full basement
- Upper levels feature 2 full‑floor residential apartments, each with 3 bedrooms and 1 bathroom
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
$72,209
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
3.17%
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%
$1,444,180
$1.4M
Cap Rate 7%
$1,031,557
$1.0M
Cap Rate 9%
$802,322
$802.3K
Market Conditions
NOI Build-Up for 2,954 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
$136.5K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.3K $44.44/SF
− OpEx
−$59.1K −$20.00/SF
NOI
$72.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,444,180
Cap Rate 7%
$1,031,557
Cap Rate 9%
$802,322
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$902.6K – $1.20M
NOI $72,209 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$753.3K
$659.1K – $878.8K
NOI $52,729 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,441 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,526
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 Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - New mixed-use building with street-facing retail, full basement, and two 3-bedroom, 1-bath residential units.
Where is this mixed-use property located?
The property is located at 150-18 12th Road Whitestone, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: New mixed‑use building (Year Built: 2026) with street‑facing retail on the ground floor; Ground‑floor retail includes a full basement; Upper levels feature 2 full‑floor residential apartments, each with 3 bedrooms and 1 bathroom
