Mixed-Use Building with Street
For Sale
$1,980,000
150-26 12th Road, Whitestone, NY 11357
Newly constructed mixed-use building with street retail ground floor, full basement, and two 3-bedroom apartments.
Property Size2,954 SF
Days on Market125
Property Features for 150-26 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
private terrace
balcony
Electric
Full
Building Details
Building Size
2,954 SF
Year Built
2026
Stories
3
Listing Agency:
PRO Links Realty
(917) 418-8233
Listed By:
Siang Liu · License #10311209596
(917) 418-8233
Source:
Evrealestate
Added: Apr 22
Changed: Aug 23
Last Checked: Aug 22 at 7:28PM
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 PRO Links Realty
Investment Insights
Based on property information with market context.
A newly constructed mixed-use property offering a full street-facing retail space on the ground floor with a full basement. The building includes a gas line connected, providing flexibility for food or service-based tenants. The upper levels comprise two full-floor residential apartments, each with an efficient 3-bedroom, 1-bathroom layout.
The second floor features a private terrace, while the third floor includes a balcony. The property is located in a high-demand area with convenient access to transportation, shopping, and neighborhood amenities.
For information or to schedule a showing, contact the listing broker.
The second floor features a private terrace, while the third floor includes a balcony. The property is located in a high-demand area with convenient access to transportation, shopping, and neighborhood amenities.
For information or to schedule a showing, contact the listing broker.
Key Highlights
- Newly constructed mixed‑use building (Year Built: 2026) with street‑facing retail on the ground floor
- Ground‑floor retail includes a full basement, suited for a variety of commercial uses
- Gas line connected for flexibility for food or service‑based tenants
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
3.65%
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 3.65%
Second Best
Retail
$753.3K
$659.1K – $878.8K
NOI $52,729 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,441 @ 7.0% cap · market cap 7.70%
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly constructed mixed-use building with street retail ground floor, full basement, and two 3-bedroom apartments.
Where is this mixed-use property located?
The property is located at 150-26 12th Road Whitestone, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Newly constructed mixed‑use building (Year Built: 2026) with street‑facing retail on the ground floor; Ground‑floor retail includes a full basement, suited for a variety of commercial uses; Gas line connected for flexibility for food or service‑based tenants
