Mixed-Use Building with Street-Level
43-34 53rd Street Woodside Ny, NY 11377
43-34 53rd Street Woodside, Ny, NY, 11377
$16,000,000
For Sale
$16,000,000
A 7-story building offering 16 one-bedroom residences and approximately 5,000 square feet of street-level retail space.
Property Size20,597 SF
Price / SF$776.81
Days on Market11
Property Features for 43-34 53rd Street Woodside
General Information
- Standard status
- Active
- Size
- 20,597 SF
Building Details
- Year Built
- 2022
Listing Agency
Park Assets Real Estate Corp
(718) 684-8000
Listed by
Chavanne Samuels
(718) 684-8000
Source
Parkassets
Added: Jul 8 Checked: Jul 17 at 2:38 am
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 Park Assets Real Estate Corp
Investment Insights
Based on property information with market context.
43-34 53rd Street is a 7-story mixed-use development in Woodside, Queens, combining residential units with street-level commercial space. The residential component features 16 one-bedroom apartments, with unit sizes ranging from 450 to 675 square feet.
At the street level, the building includes approximately 5,000 square feet of retail/commercial space designed for high-visibility access from the sidewalk. The property is presented as a single building that supports both ongoing residential occupancy and a retail presence at the ground floor.
Overall, the configuration provides a straightforward live-and-work-style mix, with the majority of the living units located above and the commercial space positioned for retail use directly at the street.
At the street level, the building includes approximately 5,000 square feet of retail/commercial space designed for high-visibility access from the sidewalk. The property is presented as a single building that supports both ongoing residential occupancy and a retail presence at the ground floor.
Overall, the configuration provides a straightforward live-and-work-style mix, with the majority of the living units located above and the commercial space positioned for retail use directly at the street.
Key Highlights
- 7‑story, mixed‑use building built in 2022 with public water service
- Residential: 16 one‑bedroom residences with unit sizes ranging from 450 to 675 sq ft
- Street level includes approximately 5,000 sq ft of retail/commercial space
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.24M | $60.00 |
| − Vacancy | −$185.4k | −$9.00 |
| EGI | $1.05M | $51.00 |
| − OpEx | −$393.9k | −$19.13 |
| NOI | $656.5k | $31.88 |
20,597 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$41.41M
$36.23M – $48.31M
NOI $2,898,503 @ 7.0% cap · market cap 18.12%
Second Best
Mixed Use
$9.38M
$8.21M – $10.94M
NOI $656,529 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$51.27M
$44.86M – $59.81M
NOI $3,588,821 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - A 7-story building offering 16 one-bedroom residences and approximately 5,000 square feet of street-level retail space.
Where is this mixed-use property located?
The property is located at 43-34 53rd Street Woodside Ny, NY.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 7‑story, mixed‑use building built in 2022 with public water service; Residential: 16 one‑bedroom residences with unit sizes ranging from 450 to 675 sq ft; Street level includes approximately 5,000 sq ft of retail/commercial space
