Mixed-Use Building with
New
For Sale
$2,098,000
150-20 12 Rd, Queens, NY 11357
Two full-floor apartments sit above ground-level commercial space with a basement and gas service.
Property Size2,954 SF
Days on Market2
Property Features for 150-20 12 Rd
General Information
Standard status
Active
Size
2,954 SF
Property subtype
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,214
Amenities
private terrace
balcony
Building Details
Building Size
2,954 SF
Year Built
2025
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
B Square Realty
Listed By:
Ding Yu
(516) 888-8889
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 4:04PM
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 B Square Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this mixed-use property places a street-facing retail space and full basement on the ground floor. A gas line serves the building. The second and third floors each contain a full-floor apartment with 3 bedrooms and 1 bathroom. Outdoor space includes a second-floor terrace and a third-floor balcony.
The property is at 150-20 12th Rd in Queens. Walk Score is 86, Bike Score is 50, and Transit Score is 52. The location is described as having access to transportation, shopping, and neighborhood amenities.
The property is at 150-20 12th Rd in Queens. Walk Score is 86, Bike Score is 50, and Transit Score is 52. The location is described as having access to transportation, shopping, and neighborhood amenities.
Key Highlights
- Ground‑floor retail space with a full basement and connected gas line
- Two full‑floor apartments, each with 3 bedrooms and 1 bathroom
- Second‑floor private terrace and third‑floor balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,209
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
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
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 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 3.44%
Second Best
Retail
$753.3K
$659.1K – $878.8K
NOI $52,729 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,441 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,607
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two full-floor apartments sit above ground-level commercial space with a basement and gas service.
Where is this mixed-use property located?
The property is located at 150-20 12 Rd Queens, NY.
What is the asking price?
The asking price for this property is $2,098,000.
What are key features of this property?
This property features: Ground‑floor retail space with a full basement and connected gas line; Two full‑floor apartments, each with 3 bedrooms and 1 bathroom; Second‑floor private terrace and third‑floor balcony
