150-20 12Th St Queens, NY 11357
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 150-20 12Th St
- Year built
- 2024
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents four brand-new mixed-use buildings in the vibrant Whitestone commercial district of Queens, New York. Each building, currently under construction with an estimated completion date at the end of 2024, boasts approximately 20ft x 70ft of space across three floors plus a basement. The ground floor features a street-facing commercial storefront, ideal for a variety of retail businesses, complete with a private restroom. The upper two floors offer residential units, each comprising three bedrooms and one bathroom. The second floor includes a large terrace, while the third floor features a balcony, enhancing the appeal and livability of the residential spaces. The buildings benefit from an ICAP tax abatement. The location is highly desirable, situated near schools, supermarkets, and restaurants, ensuring high visibility and accessibility for both commercial and residential tenants. Each unit is priced at $2,200,000, representing a compelling investment in a thriving market. The permitted zoning is R3-2 C2-2. This is a rare opportunity to acquire four fully integrated mixed-use properties in a prime location, offering significant potential for long-term growth and rental income.
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
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8134
- Latitude
- 40.7896
