150-22 12Th Rd Whitestone, NY 11357
- Auto shops
- 900 SF
- 0.17 lot acres
Current Use by Public Records
- Auto shops
Property Details for 150-22 12Th Rd
- Lot size
- 0.17 lot acres
- Property size
- 900 SF
- Zone code
- R3-2
- Property type
- Auto shops
- APN
- 04518-0017
- APU
- 45180017
Description
This exceptional mixed-use property, located at 15022 12th Rd in the vibrant commercial district of Whitestone, NY, presents a unique investment opportunity. The brand new building comprises a ground floor retail space and two residential units above. Each section of the building measures approximately 20 feet by 70 feet, offering substantial square footage. The building also includes a basement, approximately 10-13 feet in height, accessible via a separate entrance. The retail storefront, ideally situated facing the street, provides excellent visibility and accessibility for customers. It includes a private restroom. The two residential units, each spanning three floors, boast three bedrooms and one bathroom. The second-floor unit features a large terrace, while the third-floor unit offers a balcony. These units provide comfortable living spaces with desirable outdoor amenities. The retail space is further enhanced by an ICAP tax abatement, offering significant financial advantages. This prime location is convenient to schools, supermarkets, and restaurants, ensuring high foot traffic and strong rental potential. This property is an excellent investment for those seeking a blend of commercial and residential income streams in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,695,000
- 6.5%
- $2,640,000
- 7%
- $2,410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,390,000
- Geo Method
- $2,460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,320,000
- Retail
- $2,365,000
- Mixed-Use
- $2,465,000
- Hospitality
- $2,835,000
- Educational
- $3,010,000
- Residential Income
- $2,715,000
- Energy
- $2,165,000
- Income-Based Land
- $2,265,000
- Food Service
- $2,855,000
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.8132
- Latitude
- 40.7897
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
