Mixed-Use Building with
New
For Sale
$2,098,000
150-24 12th Road, Whitestone, NY 11357
Ground-floor commercial space is paired with two full-floor apartments and a connected gas line.
Property Size3,001 SF
Price / SF$699.10
Days on Market7
Property Features for 150-24 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
Open Floorplan
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 19
Changed: Oct 23
Last Checked: Oct 23 at 2:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, the building combines street-level retail space with a full basement and a connected gas line. Two full-floor apartments occupy the upper levels, each arranged with three bedrooms and one bathroom. The second-floor residence has a private terrace, while the third-floor residence includes a balcony.
Key Highlights
- Newly constructed mixed‑use building, completed in 2025
- Street‑facing ground‑floor retail space with a full basement
- Connected gas line
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with two full-floor apartments and a connected gas line.
Where is this mixed-use property located?
The property is located at 150-24 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: Newly constructed mixed‑use building, completed in 2025; Street‑facing ground‑floor retail space with a full basement; Connected gas line
