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    150-20 12Th St Queens, NY 11357

    Sponsored
    For Sale
    $2,200,000

    Four 3-story buildings, prime Whitestone location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents four brand-new mixed-use buildings in the vibrant Whitestone commercial district of Queens, New York. Each building, currently under construction with an estimated completion date at the end of 2024, boasts approximately 20ft x 70ft of space across three floors plus a basement. The ground floor features a street-facing commercial storefront, ideal for a variety of retail businesses, complete with a private restroom. The upper two floors offer residential units, each comprising three bedrooms and one bathroom. The second floor includes a large terrace, while the third floor features a balcony, enhancing the appeal and livability of the residential spaces. The buildings benefit from an ICAP tax abatement. The location is highly desirable, situated near schools, supermarkets, and restaurants, ensuring high visibility and accessibility for both commercial and residential tenants. Each unit is priced at $2,200,000, representing a compelling investment in a thriving market. The permitted zoning is R3-2 C2-2. This is a rare opportunity to acquire four fully integrated mixed-use properties in a prime location, offering significant potential for long-term growth and rental income.

    Property Features for 150-20 12Th St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    2024
    Buildings
    4
    Stories
    3
    Units
    4

    HighLights

    • $2,200,000 asking price per unit.
    • Mixed‑use, retail property with four units.
    • Four three‑story buildings, each approximately 20ft x 70ft.
    • Each unit includes a ground‑floor storefront, and two upper floors with three bedrooms and one bathroom.
    • Features include a terrace (second floor) and balcony (third floor) in each residential unit.
    • Located in Whitestone, Queens, NY, in a bustling commercial district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8133512
    Latitude
    40.7896071

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    FAQs

    What type of property is this?
    Individual retail property - Four 3-story buildings, prime Whitestone location.
    Where is this individual retail property located?
    The property is located at 150-20 12Th St Queens, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price per unit.; Mixed-use, retail property with four units.; Four three-story buildings, each approximately 20ft x 70ft.
    Request Owner's contact information
    150-20 12Th St Queens, NY 11357
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    Queens, NY 11357
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150-20 12Th St Queens, NY 11357
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