150-20 12Th St Queens, NY 11357
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.
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
Similar Nearby for Lease
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.