New Construction
New
For Sale
$2,680,000
166-27 16th Avenue, Whitestone, NY 11357
All-brick two-family residence under construction with separate layouts and select interior finish customization.
Property Size3,120 SF
Lot Size0.09 Acres
Days on Market4
Property Features for 166-27 16th Avenue
General Information
Standard status
Active
Size
3,120 SF
Lot size
0.09 Acres
Property subtype
Duplex
Units
Unit Mix
3BR/3BA/2HB, 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,379
Building Details
Building Size
3,120 SF
Year Built
2026
Buildings
1
Construction
brick
Listing Agency:
P R O Links Realty Inc
(718) 487-9992
Listed By:
Siang Liu
Source:
Barbieliteam
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 6:48AM
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 P R O Links Realty Inc
Investment Insights
Based on property information with market context.
This two-family residence is under construction as an all-brick property on a 40' x 100' lot, with a 29.5' x 59' building footprint and a projected 2026 completion. The primary residence spans the basement, front first floor, and second floor, with 3 bedrooms, 3 full baths, 2 half baths, two living areas, a double-height ceiling, spiral staircase, and one-car garage. An attic provides potential for additional living space. The rear first-floor residence includes 2 bedrooms and 2 full baths. Select interior finishes may be customized during construction.
The property is on a quiet residential block in Whitestone, with access to the QM20 express bus to Manhattan and the Q16 bus to Flushing. Its two separate residential layouts support owner-occupancy or extended-family use.
The property is on a quiet residential block in Whitestone, with access to the QM20 express bus to Manhattan and the Q16 bus to Flushing. Its two separate residential layouts support owner-occupancy or extended-family use.
Key Highlights
- Two‑family all‑brick residence under construction with projected 2026 completion
- 40' x 100' lot with a 29.5' x 59' building
- Primary residence includes 3 bedrooms, 3 full baths, 2 half baths, and a one‑car garage
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
$76,267
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
2.85%
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%
$1,525,340
$1.5M
Cap Rate 7%
$1,089,529
$1.1M
Cap Rate 9%
$847,411
$847.4K
Market Conditions
NOI Build-Up for 3,120 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
$144.1K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.7K $44.44/SF
− OpEx
−$62.4K −$20.00/SF
NOI
$76.3K $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%
$1,525,340
Cap Rate 7%
$1,089,529
Cap Rate 9%
$847,411
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 2.85%
Second Best
Multifamily LT 5
$737.7K
$645.5K – $860.7K
NOI $51,641 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,007 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,528
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?
Duplex - All-brick two-family residence under construction with separate layouts and select interior finish customization.
Where is this duplex located?
The property is located at 166-27 16th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Two‑family all‑brick residence under construction with projected 2026 completion; 40' x 100' lot with a 29.5' x 59' building; Primary residence includes 3 bedrooms, 3 full baths, 2 half baths, and a one‑car garage
