15024 12Th Rd Whitestone, NY 11357
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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