Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1071424
Rental Info No
Annual Tax Amount $18,000
Property Sub-Type Mixed Use
Source onekey2
Property Description
NY Space Finders is pleased to exclusively present a six-story, 13,216-square-foot mixed-use investment property located along the bustling Roosevelt Avenue commercial corridor in Woodside, Queens.
Constructed in 2017, this income-producing asset consists of 9 residential apartments and 3 commercial units, offering investors a diversified income stream from residential and commercial tenants.
The property generates approximately $520,362 in annual gross rental income, with an estimated net operating income of $448,991. Benefiting from a 35-year 421-a tax abatement that commenced in 2023, the property offers reduced real estate tax expenses and attractive cash flow.
The residential component features modern apartments with contemporary finishes, updated kitchens, stainless steel appliances, and attractive layouts.
The commercial component totals approximately 3,897 square feet and includes medical, wellness, and professional service tenants.
Conveniently situated along Roosevelt Avenue, the property benefits from proximity to the 7 subway line, neighborhood retail, restaurants, and established residential communities, providing excellent accessibility to Manhattan and throughout Queens.
*Investment Highlights:
-13,216 SF six-story mixed-use building.
-12 total units: 9 residential and 3 commercial.
-Constructed in 2017.
-Annual gross rental income: $520,362
Estimated NOI: $448,991
-35-year 421-a tax abatement commencing in 2023
-Approximately 3,897 SF of commercial space.
-Modern residential finishes.
-Tenants responsible for heating expenses.
-Convenient access to the 7 subway line.
-Prime Roosevelt Avenue location in Woodside, Queens.
An excellent opportunity to acquire a modern, cash-flowing mixed-use investment property with diversified income and long-term tax benefits in one of Queens' established residential and commercial corridors.
Featured Commercial Sales.
Location
State NY
County Queens
Rooms
Basement See Remarks
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Water Connected
Building
Story 6
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools 30Th Avenue School (The)
High Schools Queens 30
School District Queens 30
Others
Special Listing Condition None
Nearby Locations
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70 Charles Lindbergh Blvd #201, Uniondale, New York 11553, USA