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150-07 14th Avenue_Citizen's Bank 15007 14th Ave 4,000 SF Retail Building Whitestone, NY 11357 $2,933,333 ($733.33/SF) 5.25% Cap Rate
Investment Highlights
- Located in one of Queens’ most desirable residential neighborhoods.
- Low commercial vacancy and limited competing supply.
- Stable in-place income with long-term rent growth potential.
- Strong household incomes and stable local demographics.
- Excellent access to the Whitestone Expressway and Whitestone Bridge.
- Strong long-term capital preservation opportunity.
Executive Summary
150-07 Fourteenth Avenue is strategically located in Whitestone, one of Queens’ most affluent and supply-constrained neighborhoods.
The property benefits from strong residential demographics, low commercial vacancy, and consistent local consumer demand, supporting long-term investment stability.
Positioned near the Whitestone Expressway and Whitestone Bridge, the asset offers excellent regional connectivity throughout Queens and the greater New York metropolitan area.
With limited competing inventory and strong neighborhood fundamentals, the property presents an attractive opportunity for stable income an long-term rent growth.
The property benefits from strong residential demographics, low commercial vacancy, and consistent local consumer demand, supporting long-term investment stability.
Positioned near the Whitestone Expressway and Whitestone Bridge, the asset offers excellent regional connectivity throughout Queens and the greater New York metropolitan area.
With limited competing inventory and strong neighborhood fundamentals, the property presents an attractive opportunity for stable income an long-term rent growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,000 SF
Building Class
C
Year Built
1951
Price
$2,933,333
Price Per SF
$733.33
Cap Rate
5.25%
NOI
$154,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.09 AC
Zoning
R3-2 - Low-density residential zoning district allowing one- and two-family homes
Frontage
40’ on 14TH AVE
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04518-0058 | Improvements Assessment | $410,310 |
| Land Assessment | $90,000 | Total Assessment | $500,310 |
Property Taxes
Parcel Number
04518-0058
Land Assessment
$90,000
Improvements Assessment
$410,310
Total Assessment
$500,310
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150-07 14th Avenue_Citizen's Bank | 15007 14th Ave