Storefront Commercial
For Sale
$1,799,999
15046 14th Avenue, Whitestone, NY 11357
C2-2-zoned commercial building with approximately 4,202 square feet of usable space.
Property Size4,202 SF
Lot Size0.07 Acres
Price / SF$428.37
Days on Market215
Property Features for 15046 14th Avenue
General Information
Standard status
Active
Size
4,202 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
C2-2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,426
Building Details
Building Size
4,202 SF
Year Built
2016
Buildings
1
Stories
3
Listing Agency:
Century Homes Realty Group LLC
(917) 703-6823
Listed By:
Dong Zheng
(917) 703-6823
Source:
Cohenandcohenrealty
Added: Jan 13
Changed: Aug 14
Last Checked: Aug 15 at 2:03PM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 2016, this storefront property provides approximately 4,202 square feet of usable commercial space on 14th Avenue in Whitestone. The asset is designated C2-2 and is positioned within an established business district surrounded by retail, professional, and service-oriented businesses.
The property is located along a commercially active corridor with pedestrian and vehicular activity. Multiple bus routes serve the area, and subway access is nearby, providing public transportation connectivity for the site.
The property is located along a commercially active corridor with pedestrian and vehicular activity. Multiple bus routes serve the area, and subway access is nearby, providing public transportation connectivity for the site.
Key Highlights
- Approximately 4,202 square feet of usable commercial space
- Built in 2016
- C2‑2 zoning
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
$75,006
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
4.17%
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%
$1,500,120
$1.5M
Cap Rate 7%
$1,071,514
$1.1M
Cap Rate 9%
$833,400
$833.4K
Market Conditions
NOI Build-Up for 4,202 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
$126.1K $30.00/SF
− Vacancy
−$18.9K −$4.50/SF
EGI
$107.2K $25.50/SF
− OpEx
−$32.1K −$7.65/SF
NOI
$75.0K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,500,120
Cap Rate 7%
$1,071,514
Cap Rate 9%
$833,400
Alternative Uses
Best Use
Retail
$1.07M
$937.6K – $1.25M
NOI $75,006 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,843 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 19%
Groceries 14%
Electronics 2%
Exxon
Shops & Services
17,498 visits/mo
0.1 miles
Key Food
Groceries
17,155 visits/mo
0.1 miles
Starbucks
Dining
15,431 visits/mo
0.2 miles
Mobil
Shops & Services
13,522 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,714 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- QG Floral & Landscape — 154-10 Cross Island Pkwy, Whitestone, NY 11357
- Miss Flower — 145-14 14th Ave, Queens, NY 11357
Frequently Asked Questions
What type of property is this?
Storefront property - C2-2-zoned commercial building with approximately 4,202 square feet of usable space.
Where is this storefront property located?
The property is located at 15046 14th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Approximately 4,202 square feet of usable commercial space; Built in 2016; C2‑2 zoning
