Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8950 Woodhaven Blvd Woodhaven, NY 11421

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,650,000

    High-return corner property, fully occupied.

    Property size:
    1,860 SF

    Property Features for 8950 Woodhaven Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,860 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Carmen Cartagena AHWD C2EX

    Listing Agency: Mega Star Realty Corp. Listing Agent: Carmen Cartagena AHWD C2EX

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional mixed-use property at 8950 Woodhaven Boulevard in Woodhaven, NY, presents a lucrative investment opportunity. The 1,860 square foot building sits on a 0.04-acre lot and boasts a prime corner location on Woodhaven Boulevard, offering excellent visibility and accessibility. The property comprises three separate commercial spaces, generating consistent rental income, along with two recently renovated apartments, providing additional revenue streams. A single-car garage is also included, adding further value. The building is currently fully tenanted, ensuring immediate cash flow for the new owner. Its convenient location offers easy access to public transportation, including bus and train services, as well as nearby shopping and schools, enhancing its appeal to both tenants and potential buyers. A full basement provides ample storage space. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable and thriving neighborhood. The asking price is $1,650,000. This turnkey investment is ready for immediate ownership and offers significant potential for future appreciation. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodhaven
    County
    Queens
    State
    New York
    Longitude
    -73.85041
    Latitude
    40.68988

    Nearby Similar for Sale

    • $80,000

      Woodhaven Retail Spa For Sale

      Retail spa for sale in high-traffic Woodhaven area.
      89-19 Jamaica Ave, Woodhaven, NY 11421
      View Details
    • New
      $900,000
      1,854 SF

      Woodhaven Multifamily Property For Sale

      5 bedrooms, 4 bathrooms, large lot, excellent condition, move-in ready.
      86-29 90Th St, Woodhaven, NY 11421
      View Details
    • New
      $959,000
      1,976 SF

      Woodhaven Two-Family Home for Sale

      Two-family home in Woodhaven, Queens, near J train and Forest Park.
      88-22 85Th St, Woodhaven, NY 11421
      View Details
    • New
      $800,000
      0.04 Acres

      Updated Two-Family Home in Woodhaven

      Two-family home rebuilt in 2016, ideal for investors/homeowners.
      9125 90Th St, Woodhaven, NY 11421
      View Details
    • $999,900
      0.06 Acres

      Woodhaven Multi-Family Residence For Sale

      Multi-family property in Woodhaven, NY with tenant-occupied units.
      90-46 76Th St, Woodhaven, NY 11421
      View Details
    • New
      $603,200
      0.06 Acres

      Colonial Home in Woodhaven, NY

      Colonial-style home with 6 bedrooms, 2 kitchens, centrally located.
      86-34 77Th St, Woodhaven, NY 11421
      View Details
    • New
      $1,250,000
      1,100 SF

      Woodhaven Two-Dwelling Brick Home

      Two-dwelling brick home in Woodhaven with 7 bedrooms and 5 bathrooms.
      94-32 86Th Rd, Woodhaven, NY 11421
      View Details
    • New
      $1,478,888
      3,911 SF

      Woodhaven Mixed-Use Building For Sale

      Mixed-use building with store and two apartments in Woodhaven.
      8711 Jamaica Ave, Woodhaven, NY 11421
      View Details
    • $1,169,000
      0.11 Acres

      Victorian Multi-Family in Woodhaven

      Grand Victorian two-family home with upgrades, close to transportation.
      76-43 85Th Rd, Woodhaven, NY 11421
      View Details
    • $925,000
      Pending

      Two-Family House in Woodhaven

      Semi-detached colonial with five bedrooms and two full bathrooms.
      80-60 90Th Ave, Woodhaven, NY 11421
      View Details
    • New
      $1,390,000
      0.09 Acres

      Woodhaven Two-Family Home For Sale

      Rare two-family home in Woodhaven Park Estates, built in 2004.
      93-05 91St Ave, Woodhaven, NY 11421
      View Details
    • New
      $1,188,000
      Pending

      Woodhaven Two-Family Residence

      Detached two-family home with flexible living and rental potential.
      91-49 86Th St, Woodhaven, NY 11421
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-return corner property, fully occupied.
    Where is this mixed-use property located?
    The property is located at 8950 Woodhaven Blvd Woodhaven, NY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    (718) 848-7700
    Request Owner's contact information
    8950 Woodhaven Blvd Woodhaven, NY 11421
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8950 Woodhaven Blvd
    Woodhaven, NY 11421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8950 Woodhaven Blvd Woodhaven, NY 11421
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carmen Cartagena AHWD C2EX
    Real Estate License ID: 31CA1109448
    (718) 848-7700 (917) 370-0661
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!