Property profile

15020 12th Rd Flushing, NY 11357

OFF-MARKET
Auto shops
Property ID
US63-3845532
3,400 SF 0.17 ac lot Built 1929
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in the thriving commercial district of Whitestone, NY. The building, a newly constructed structure measuring approximately 20 feet by 70 feet, boasts a prime street-facing retail space on the ground floor, ideal for a variety of businesses. This commercial unit benefits from an ICAP tax abatement, offering significant financial advantages to the owner. The retail space encompasses approximately 1400 square feet and includes a private restroom. Above the retail space, two residential units are available, each spanning three floors. Each residential unit features three bedrooms and one bathroom, providing ample living space. The second-floor unit includes a large terrace, while the third-floor unit offers a private balcony. Adding to the property's value is a spacious basement, approximately 10 to 13 feet in height, accessible via a separate entrance, offering significant storage potential or the possibility of additional development. The building's location is unparalleled, situated in close proximity to schools, supermarkets, restaurants, and other essential amenities, ensuring high visibility and accessibility for both commercial and residential occupants. This property is a rare find, combining the benefits of a strong commercial investment with the potential for lucrative residential rental income. The combination of a desirable location, tax benefits, and versatile space makes this an attractive proposition for discerning investors.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1929
Total area 3,400 SF
Lot 0.17 ac (7,500 SF)
Zoning code R3-2
APN 04518-0015
UPID US63-3845532

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15020 12th Rd Flushing, NY 11357
Flushing metro Census 98100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.43M

Owner & transaction history

since 2025
Last sale
$2.6M
2 recorded transactions
2025
Price N/A
2023
$2.6M

Zoning & alternative use

R3-2 · Flushing, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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