149-07 14th Avenue is a two-story brick office building with cellar, situated on a 3,500 SF lot in the heart of Whitestone’s 14th Avenue commercial corridor. Built in 1920 and altered in 1990, the building is currently configured across three levels: a cellar-level unit occupied by MD Cleaning Solutions Inc., a ground-floor unit occupied by LAC Multiservices Corp., and a vacant top-floor unit available for lease-up. Both in-place tenants pay their own utilities directly and reimburse a contractually capped share of real estate tax increases, while the landlord retains the base tax bill, building insurance, and structural/roof repairs — a partial, not full NNN, reimbursement structure. The vacant top floor represents the asset’s principal upside: lease-up at a market rent of approximately $2,600/month would meaningfully improve the going-in yield with no capital investment required.