14 Parsons Blvd Whitestone, NY 11357
This exceptional commercial property, located in the heart of Whitestone at the intersection of Northern Boulevard and Parsons Boulevard, presents a significant investment opportunity. The property encompasses a substantial 50,000 square feet of space, strategically positioned at 35-06 and 35-14 Parsons Boulevard. Its zoning classification is R6, offering considerable flexibility for a variety of commercial uses. A key advantage is the existing real estate tax exemption, significantly reducing operational costs and enhancing the property's overall return on investment. The property's prime location within a bustling commercial district ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving market. The substantial square footage allows for diverse development possibilities, catering to a wide range of commercial ventures. Given its size, location, and tax benefits, this property represents a rare and compelling investment opportunity in a highly sought-after area of Queens, New York. Serious inquiries are encouraged to explore the full potential of this remarkable asset. Further details regarding the property's specific zoning regulations and potential uses are available upon request.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.