Second-Floor Office Suite
For Sale
$2,990,000
43-20 52nd Street Unit #CF, Woodside, NY 11377
Three newly built second-floor office/community units with private ADA bathrooms, separate meters, and independent HVAC.
Property Size5,197 SF
Price / SF$575.33
Days on Market49
Property Features for 43-20 52nd Street Unit #CF
General Information
Standard status
Active
Size
5,197 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$15,482
Building Details
Year Built
2021
Stories
2
Listing Agency:
B Square Realty
(516) 992-2888
Listed By:
Li Li ([email protected])
Source:
Iaquintarealestate
Added: Jun 29
Changed: Aug 14
Last Checked: Aug 16 at 7:48AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This offering presents three brand-new, second-floor office/community facilities in a newly constructed mixed-use building. The package includes Unit 1A (1,700 SF), Unit 1B (1,175 SF), and Unit 1C (2,322 SF). Each unit includes a private, ADA-compliant bathroom, separate utility meters, independent HVAC, and full sprinkler coverage. The layouts are designed to support professional uses that benefit from dedicated amenities and controlled mechanical systems.
The property is located at 43-20 52nd Street Unit #CF in Woodside, NY 11377. It is described as being just half a block from the 52nd Street #7 train station, with nearby bus routes including Q60, Q32, and Q104. The surrounding area includes new residential developments, hotels, and a dense population base, supporting day-to-day patron and employee access.
These spaces can fit owner-users and operators seeking modern, self-contained floor plans for medical office uses, urgent care, schools, or professional services. The option to purchase the full package or individual units, along with the building’s tenant convenience features such as separate utilities and independent HVAC, can support a range of occupancy and operating strategies for healthcare, education, and community-focused providers.
The property is located at 43-20 52nd Street Unit #CF in Woodside, NY 11377. It is described as being just half a block from the 52nd Street #7 train station, with nearby bus routes including Q60, Q32, and Q104. The surrounding area includes new residential developments, hotels, and a dense population base, supporting day-to-day patron and employee access.
These spaces can fit owner-users and operators seeking modern, self-contained floor plans for medical office uses, urgent care, schools, or professional services. The option to purchase the full package or individual units, along with the building’s tenant convenience features such as separate utilities and independent HVAC, can support a range of occupancy and operating strategies for healthcare, education, and community-focused providers.
Key Highlights
- Newly built 2021 mixed‑use building with three second‑floor office/community units totaling 5,197 SF
- Unit sizes: 1A 1,700 SF, 1B 1,175 SF, and 1C 2,322 SF
- Each unit has a private ADA‑compliant bathroom
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
$171,105
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
5.72%
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%
$3,422,100
$3.4M
Cap Rate 7%
$2,444,357
$2.4M
Cap Rate 9%
$1,901,167
$1.9M
Market Conditions
NOI Build-Up for 5,197 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
$261.9K $50.40/SF
− Vacancy
−$33.8K −$6.50/SF
EGI
$228.1K $43.90/SF
− OpEx
−$57.0K −$10.97/SF
NOI
$171.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,422,100
Cap Rate 7%
$2,444,357
Cap Rate 9%
$1,901,167
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $171,105 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$1.71M
$1.50M – $2.00M
NOI $119,832 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,190 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4,276
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three newly built second-floor office/community units with private ADA bathrooms, separate meters, and independent HVAC.
Where is this office units located?
The property is located at 43-20 52nd Street Unit #CF Woodside, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Newly built 2021 mixed‑use building with three second‑floor office/community units totaling 5,197 SF; Unit sizes: 1A 1,700 SF, 1B 1,175 SF, and 1C 2,322 SF; Each unit has a private ADA‑compliant bathroom
