Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    150-12 12Th Ave Whitestone, NY 11357
    Back to Search
    Property profile & analytics

    150-12 12Th Ave Whitestone, NY 11357

    View on Map
    • Land
    • 7,500 SF
    • 0.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 150-12 12Th Ave

    Lot size
    0.17 lot acres
    Property size
    7,500 SF
    Property type
    Land

    Description

    This exceptional 0.17-acre vacant land parcel presents a unique opportunity for building a custom home in the desirable Whitestone neighborhood of New York. Located at 150-12 12th Avenue, this property boasts a generous 7,500 square feet of buildable space, offering ample room for a substantial residence. The address is conveniently situated within the 11357 zip code, providing easy access to local amenities, transportation, and the vibrant cultural offerings of New York City. The land is currently undeveloped, providing a blank canvas for your vision. Buyers can design and construct a home tailored to their specific needs and preferences, taking full advantage of the property's size and location. This is an ideal opportunity for those seeking to create their perfect home in a sought-after community. The property's location in Whitestone, New York, offers a blend of suburban tranquility and urban convenience. The asking price for this remarkable property is $999,990. Don't miss this chance to build your dream home in this prime location. Serious inquiries only. All information deemed reliable but not guaranteed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Whitestone
    County
    36081
    State
    New York
    Longitude
    -73.8139
    Latitude
    40.7904

    Comparable in this City

    • Value Estimation by Request
      4.60 Acres

      151-11 6Th Rd

      Self storage facilities • 125,000 SF
      151-11 6Th Rd, Whitestone, NY 11357
      View Details
    • Value Estimation by Request
      4.60 Acres

      151-11 6Th Rd

      Land • 125,000 SF
      151-11 6Th Rd, Whitestone, NY 11357
      View Details
    • Value Estimation by Request
      3,000 SF

      160-24 Willets Pt Blvd Restaurant

      Land • 3,000 SF
      160-24 Willets Pt Blvd Restaurant, Whitestone, NY 11357
      View Details
    • Value Estimation
      $765,000
      66,482 SF

      15301 10th Ave

      REGIONAL SHOPPING CENTER, MALL • 66,482 SF
      15301 10th Ave, Flushing, NY 11357-1255
      View Details
    • Value Estimation by Request
      200 SF

      20 Ave Avenue

      GAS STATION • 200 SF
      20 Ave Avenue, Flushing, NY 11357
      View Details
    • Value Estimation by Request
      2,304 SF

      1424 150th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,304 SF
      1424 150th St, Flushing, NY 11357-1750
      View Details

    Similar Nearby for Sale

    • $2,298,000
      0.17 Acres

      Whitestone Mixed-Use Development Opportunity

      Approved plans for three mixed-use buildings in Whitestone, Queens.
      149-16 14Th Ave, Whitestone, NY 11357
      View Details
    • $1,300,000
      0.14 Acres

      Vacant Land in Beechhurst

      Rare 60 x 100 lot in desirable Beechhurst neighborhood.
      157-60 12Th Rd, Whitestone, NY 11357
      View Details
    • $998,000

      Vacant Land in Whitestone, NY

      Spacious land near park, highways, shopping, and buses.
      13-22 140Th St, Whitestone, NY 11357
      View Details
    • $1,525,000
      0.21 Acres

      Malba Land Redevelopment Opportunity

      Expansive lot in prime waterfront community with redevelopment potential.
      144-30 South Dr, Malba, NY 11357
      View Details
    • $488,888
      0.17 Acres

      Corner Land in Whitestone, NY

      Corner lot suitable for single-family house construction with approved plans.
      24-31 Francis Lewis Blvd, Whitestone, NY 11357
      View Details
    • $1,350,000
      2,600 SF

      Spacious Multi-Family in Whitestone

      Three-story multi-family home with finished basement in desirable Whitestone.
      3-24 150Th St, Whitestone, NY 11357
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,500 SF

      Warehouse, Office, and Land Package

      Warehouse, office, and land available for lease in Whitestone, NY.
      18-2 Petracca Pl, College Point, NY 11357
      View Details
    • $4,800 /Mo

      Storefront Commercial Space in Whitestone

      1150 SF storefront with basement on busy street for lease.
      145-10 14Th Ave, Whitestone, NY 11357
      View Details
    • Contact for pricing
      28,116 SF

      Industrial Space Near Whitestone Expressway

      Industrial property for rent with convenient highway access and parking.
      141-07 20Th Ave, Whitestone, NY 11357
      View Details
    • $4,500 /Mo
      1,600 SF

      Whitestone Storefront Medical Office Space

      Medical office storefront in Whitestone with existing exam rooms.
      10-28 154Th St, Whitestone, NY 11357
      View Details
    • Contact for pricing
      62,000 SF

      Whitestone Plaza: Retail Space For Lease

      Prime Queens Retail Space - 62,000 SF Available
      153-01 10 Ave, Queens, NY 11357
      View Details
    • Contact for pricing
      18,110 SF

      Retail Space in Whitestone, NY

      Neighborhood center serving Whitestone, Bay Terrace, and Bayside.
      15317-15389 Cross Island Pkwy, Whitestone, NY 11357
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150-12 12Th Ave
    Whitestone, NY 11357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    150-12 12Th Ave, Whitestone, NY, 11357
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!