Mixed-Use Apartment Building with Commercial
For Sale
$2,130,000
4021 69th Street, Woodside, NY 11377
MULTI_FAMILY - Woodside, NY
Property Size4,160 SF
Lot Size0.04 Acres
Price / SF$512.02
Days on Market145
Property Features for 4021 69th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5D
Rooms
Basement
Parking features
On Street
Basement
Walk-Out Access, Finished, Full
Directions
CHECK GOOGLE MAP
Standard status
Active
APN
01301-0017
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
44509
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2006
Floors in Building
4
Number of units
6
Building materials
Brick
Listing Agency:
Promise Realty LLC
(718) 445-0000
Listed By:
Seon Hyun
(718) 445-0000
Added: Mar 22
Changed: Aug 1
Last Checked: Aug 13 at 9:06AM
MLS# 974810
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use apartment building includes one commercial unit and five residential units, arranged with a total of six units in the building. The residential mix includes two studio units, two one-bedroom units, and one three-bedroom unit, with the fourth floor containing six units. The building is fully rented, and tenants pay their own utilities. Brick construction, a basement, and maintenance-focused condition support day-to-day operability.
The property is located at 4021 69th Street in Woodside, Queens, NY 11377. Zoning is R5D. It features natural gas heating and wall/window AC units, with public water and public sewer available. Parking is available on-street.
Built in 2006, the building is served by electricity and connects to public utilities, supporting a straightforward setup for both residential and commercial occupancy.
The property is located at 4021 69th Street in Woodside, Queens, NY 11377. Zoning is R5D. It features natural gas heating and wall/window AC units, with public water and public sewer available. Parking is available on-street.
Built in 2006, the building is served by electricity and connects to public utilities, supporting a straightforward setup for both residential and commercial occupancy.
Key Highlights
- Brick mixed‑use building with 1 commercial unit and 5 residential units total
- Fourth floor contains 6 units
- Residential unit mix: two studio, two one‑bedroom, one 3‑bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,689
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,033,780
$2.0M
Cap Rate 7%
$1,452,700
$1.5M
Cap Rate 9%
$1,129,878
$1.1M
Market Conditions
NOI Build-Up for 4,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$192.2K $46.20/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$184.9K $44.44/SF
− OpEx
−$83.2K −$20.00/SF
NOI
$101.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,033,780
Cap Rate 7%
$1,452,700
Cap Rate 9%
$1,129,878
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,689 @ 7.0% cap · market cap 4.77%
Second Best
Retail
$1.06M
$928.2K – $1.24M
NOI $74,256 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,676 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,797
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented mixed-use building in R5D zoning with brick construction, natural gas heat, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 4021 69th Street Woodside, NY.
What is the asking price?
The asking price for this property is $2,130,000.
What are key features of this property?
This property features: Brick mixed‑use building with 1 commercial unit and 5 residential units total; Fourth floor contains 6 units; Residential unit mix: two studio, two one‑bedroom, one 3‑bedroom
