Listed by Sothebys International Realty
$2,933,333
150-07 14th Avenue_Citizen's Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 4,000
Cap Rate 5.25%
NOI $154,000
Lease Type NNN
Price per SqFt $39
Class C
Year Built 1951
Acreage 0.060
Zoning R3-2
Ground Lease No
About This Property
Marketing description
- 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 and long-term rent growth.
Investment highlights
- Located in one of Queens’ most desirable residential neighborhoods
- Strong household incomes and stable local demographics
- Low commercial vacancy and limited competing supply
- Excellent access to the Whitestone Expressway and Whitestone Bridge
- Stable in-place income with long-term rent growth potential
- Strong long-term capital preservation opportunity
Listing Contacts
Listed by Sothebys International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,000.00
$12,833.33/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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