Retail and Residential Mixed-Use
New
For Sale
$2,098,000
150-22 12th Road, Whitestone, NY 11357
Ground-floor storefront space includes a full basement and a connected gas line.
Property Size3,001 SF
Price / SF$699.10
Days on Market6
Property Features for 150-22 12th Road
General Information
Standard status
Active
Size
3,001 SF
Property subtype
Residential Income
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, residential
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
3,001 SF
Year Built
2025
Buildings
1
Stories
3
Units
3
Listing Agency:
B Square Realty
Listed By:
Ding Yu
(516) 888-8889
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:01AM
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
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Investment Insights
Based on property information with market context.
Completed in 2025, this mixed-use property combines a street-facing ground-floor storefront with a full basement and a connected gas line. The upper two levels each contain a full-floor apartment, with three bedrooms and one bathroom in each residence. Outdoor space includes a private terrace on the second floor and a balcony on the third.
The building is located at 150-22 12th Road in Whitestone, New York. Its configuration brings retail space and two residential apartments together in one property.
The building is located at 150-22 12th Road in Whitestone, New York. Its configuration brings retail space and two residential apartments together in one property.
Key Highlights
- Street‑facing ground‑floor retail space with a full basement
- Two full‑floor apartments, each with 3 bedrooms and 1 bathroom
- Gas line connected to the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,358
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,160
$1.5M
Cap Rate 7%
$1,047,971
$1.0M
Cap Rate 9%
$815,089
$815.1K
Market Conditions
NOI Build-Up for 3,001 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.4K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.4K $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%
$1,467,160
Cap Rate 7%
$1,047,971
Cap Rate 9%
$815,089
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$917.0K – $1.22M
NOI $73,358 @ 7.0% cap · market cap 3.50%
Second Best
Retail
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,866 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor storefront space includes a full basement and a connected gas line.
Where is this mixed-use property located?
The property is located at 150-22 12th Road Whitestone, 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: Street‑facing ground‑floor retail space with a full basement; Two full‑floor apartments, each with 3 bedrooms and 1 bathroom; Gas line connected to the building
