15024 12Th Rd Whitestone, NY 11357
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 15024 12Th Rd
- Property type
- Mixed-use properties
Description
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 three floors plus a spacious basement (10-13 feet high) accessible via a separate entrance. The ground floor comprises a street-facing retail storefront of approximately 20 x 70 square feet, complete with a private restroom. This commercial space benefits from an ICAP tax abatement, offering significant financial advantages. Above the retail space, the building features two residential units, each spanning three floors. Each residential unit includes three bedrooms and one bathroom. The second-floor unit offers a large terrace, while the third-floor unit features a balcony, providing residents with outdoor living space. The building's prime location in Whitestone offers easy access to a variety of amenities, including schools, supermarkets, and restaurants, ensuring high occupancy rates for the residential units and strong foot traffic for the retail space. This property is ideal for an investor seeking a blend of commercial and residential income streams in a desirable and convenient location. The lot size is 0 acres. The asking price is $2,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whitestone
- County
- Queens
- State
- New York
- Longitude
- -73.8132
- Latitude
- 40.79
