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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1414 150th St Flushing, NY 11357-1750

    • Retail residential properties
    • 2,880 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2023
    $910,000
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    4.4%
    Retail residential properties
    Location Intelligence
    Property ID
    US63-3018445
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Diana P Duarte Realty Corporation / Real Estate Agent
    • Carina Boutique / Boutique

    Property Details for 1414 150th St

    Year built
    1920
    Lot size
    0.03 lot acres
    Property size
    2,880 SF
    Zone code
    R3-2
    Property type
    Retail residential properties
    APN
    04660-0053
    APU
    46600053

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000
      ML approach
      $835,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,218,000
      Market price range: $823k - $1.22M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,035,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8138
    Latitude
    40.7885
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,628
    $35,100
    $159,750
    $194,850
    -
    $78,000
    $355,000
    $433,000

    Comparable in this City

    • Value Estimation
      $260,000
      1,450 SF

      14510 14th Ave

      STORES & APARTMENTS • 1,450 SF
      14510 14th Ave, Flushing, NY 11357-2423
      View Details
    • Value Estimation
      $1,725,000
      4,270 SF

      16606 24th Rd

      STORES & APARTMENTS • 4,270 SF
      16606 24th Rd, Flushing, NY 11357-4037
      View Details
    • Value Estimation
      $430,000
      10,440 SF

      1247 150th St

      STORES & APARTMENTS • 10,440 SF
      1247 150th St, Flushing, NY 11357
      View Details
    • Value Estimation
      $395,000
      8,727 SF

      15030 12th Ave

      STORES & APARTMENTS • 8,727 SF
      15030 12th Ave, Flushing, NY 11357-1808
      View Details
    • Value Estimation
      $435,000
      17,040 SF

      1506 150th St

      STORES & APARTMENTS • 17,040 SF
      1506 150th St, Flushing, NY 11357-2561
      View Details
    • Value Estimation
      $290,000
      3,215 SF

      1412 Clintonville St

      STORES & APARTMENTS • 3,215 SF
      1412 Clintonville St, Flushing, NY 11357
      View Details

    Similar Nearby for Sale

    • New
      $2,200,000
      1,400 SF

      New Mixed-Use Building, Whitestone

      New mixed-use building with retail and residential units in Whitestone.
      150-22 12Th Rd, Whitestone, NY 11357
      View Details
    • New
      $1,400,000
      0.04 Acres

      Renovated Mixed-Use Whitestone Gem

      Fully renovated mixed-use property in the heart of Whitestone.
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    • New
      $2,200,000

      New Whitestone Mixed-Use Building

      New mixed-use building with retail and residential units in Whitestone.
      150-20 12Th Rd, Whitestone, NY 11357
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    • New
      $2,200,000

      New Mixed-Use Building, Whitestone

      New mixed-use building with retail and residential units in Whitestone.
      150-24 12Th Rd, Whitestone, NY 11357
      View Details
    • $2,200,000

      Queens Mixed-Use Investment Opportunity

      Four 3-story buildings, prime Whitestone location.
      150-20 12Th St, Queens, NY 11357
      View Details
    • $2,200,000
      2,954 SF

      New Whitestone Mixed-Use Building

      New mixed-use building with retail and residential units in Whitestone.
      15018 12Th Rd, Whitestone, NY 11357
      View Details

    Similar Nearby for Lease

    • $2,450 /Mo
      950 SF

      Office Space in Whitestone, NY

      Office space available for rent in Whitestone, Queens.
      199-04 22Nd Ave, Whitestone, NY 11357
      View Details
    • Contact for pricing
      18,733 SF

      Prime Whitestone Executive Office Space

      18,733 SF Class A Office for Lease
      16-16 Whitestone Expy, Whitestone, NY 11357
      View Details
    • $1,725 /Mo

      Office Space with High Ceilings

      Office space featuring high ceilings, conference room, and bathroom.
      14-17 150Th St, Flushing, NY 11357
      View Details
    • $35 SF/Yr
      24,142 SF

      Retail Building Available For Rent

      19,044 SF full retail building available for rent.
      111-12 Boulevard N, Corona, NY 11357
      View Details
    • Contact for pricing
      4,600 SF

      Bayside Office Space Available

      4,600 SF office space in heavily trafficked Bayside area.
      35-30 Francis Lewis Blvd, Bayside, NY 11357
      View Details
    • $2,000 /Mo

      Whitestone Commercial Space for Lease

      Office/storefront retail space in Whitestone, prime location, high visibility.
      16-05 Francis Lewis Blvd, Whitestone, NY 11357
      View Details
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    Flushing, NY 11357-1750
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    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
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