Woodside Retail Investment Opportunity

61-20 Woodside Ave, Woodside, NY

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For Sale

Contact for pricing

Fully leased retail property near transit and major roadways.

Type:RETAIL

Property size:

12,033 SF

Lot size:

0.47 Acres

Price / SF:

$265/SF

Contact for Pricing

Please call us for current price
and status of this listing

Thomas Donovan

Real Estate License ID: 10301211303

HighLights

Fully leased and cash flowing with a ~6.6 CAP, ideal for a 1031 exchange.
Prime Woodside location, just 2 blocks east of Roosevelt Avenue and ~200 feet to the 61st Avenue 7‑train station & Woodside LIRR.
Strong tenant with three neighborhood locations.
Separate commercial/retail entrance.
High traffic location with ~10,000 Annual Average Daily Traffic (AADT).
Located near major roadways and highways.

For Sale

Contact for pricing

Fully leased retail property near transit and major roadways.

Type:RETAIL

Property size:

12,033 SF

Lot size:

0.47 Acres

Price / SF:

$265/SF

Added:: Apr 2, 2024
Days on Market:: 801
Last Refresh:: May 20 at 8:34 pm

Property Features for 61-20 Woodside Ave

General Information

Standard status: Active
Size: 12,033 SF
Lot size: 0.47 Acres
Property subtype: RETAIL

Properties For Sale

at 61-20 Woodside Ave Contact us

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Listing Contact

Thomas Donovan

Listing agent Thomas Donovan License #10301211303

Listing office Meridian Capital Group

Listing date Apr 2, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group

HighLights

Fully leased and cash flowing with a ~6.6 CAP, ideal for a 1031 exchange.
Prime Woodside location, just 2 blocks east of Roosevelt Avenue and ~200 feet to the 61st Avenue 7‑train station & Woodside LIRR.
Strong tenant with three neighborhood locations.
Separate commercial/retail entrance.
High traffic location with ~10,000 Annual Average Daily Traffic (AADT).
Located near major roadways and highways.

Overview

Located in Woodside, approximately two blocks east of Roosevelt Avenue, this retail property presents an investment opportunity. The property is fully leased and cash flowing, making it suitable for a 1031 exchange. A strong tenant occupies the space, with three neighborhood locations. The property is situated approximately 200 feet from the 61st Avenue 7-train station and the Woodside LIRR. The location benefits from high traffic, with an annual average daily traffic (AADT) of approximately 10,000. The surrounding area has an average annual household income of approximately $109,000 and a median annual household income of approximately $75,000. The property is conveniently located near major roadways, including Roosevelt Avenue, Queens Boulevard, and Northern Boulevard, with proximity to the Brooklyn Queens Expressway and Long Island Expressway. The property size is 12,033 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$361.0k	$30.00
− Vacancy	−$54.1k	−$4.50
EGI	$306.8k	$25.50
− OpEx	−$92.1k	−$7.65
NOI	$214.8k	$17.85

12,033 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.07M

$2.68M – $3.58M (±1% cap)

NOI $214,789 @ 7.0% cap · market cap 6.71%

Second Best

—

no second resolved use

Theoretical Best

Office A

$8.87M

$7.76M – $10.35M (±1% cap)

NOI $620,961 @ 7.0% cap · market cap 19.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Western Queens Consultation ... Medical Clinic Krista J. Larson-Demir, ... Foster Care Service Kate T. Glazer, ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Woodside
County: Queens
State: New York
Longitude: -73.9094
Latitude: 40.7512

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For sale
Retail space
NY
Woodside
61-20 Woodside Ave

What type of property is this?

Retail space - Fully leased retail property near transit and major roadways.

Where is this retail space located?

The property is located at 61-20 Woodside Ave Woodside, NY.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Fully leased and cash flowing with a ~6.6 CAP, ideal for a 1031 exchange.; Prime Woodside location, just 2 blocks east of Roosevelt Avenue and ~200 feet to the 61st Avenue 7‑train station & Woodside LIRR.; Strong tenant with three neighborhood locations.

61-20 Woodside Ave, Woodside, NY

Fully leased retail property near transit and major roadways.

Property Features for 61-20 Woodside Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Retail Office Building

New Community Facility/Office Spaces

Prime Retail Condos in Woodside

Turnkey Medical Community Facility

Mixed-Use Building in Woodside, NY

Woodside Multifamily Building: 12 Units

Detached Two-Family Residence

Woodside Multifamily Income Property

Woodside Multifamily Home with Balcony

Established Japanese Ramen Restaurant

Brick 2-Family Home with Garage

Woodside Two-Family Brick House

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