12-Unit Brick Apartment
For Sale
$2,558,888
4125 53rd Street Woodside, Ny, NY 11377
Brick construction includes renovated residences, updated systems, and on-site storage facilities.
Property Size6,324 SF
Price / SF$404.63
Days on Market62
Property Features for 4125 53rd Street Woodside
General Information
Standard status
Active
Size
6,324 SF
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$41,856
Amenities
on-site storage
Finished
Ceramic Tile,Hardwood
3
Yes
Back Yard
Public
No
Block,Stone
6324
Building Details
Building Size
6,324 SF
Year Built
1928
Buildings
1
Construction
brick
Listing Agency:
(845) 765-6128
Listed By:
Tiffany Megna
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 6:10PM
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 Tiffany Megna
Investment Insights
Based on property information with market context.
This 12-unit apartment building at 4125 53rd Street in Woodside contains 6,324 square feet of living area. The 1928 property has a brick exterior, finished interior areas, ceramic tile and hardwood finishes, and a rear yard. Nine residences have been renovated with updated kitchens, bathrooms, flooring, and energy-efficient windows. The renovated units also include updated electrical and plumbing systems. A new roof and boiler system are in place, while on-site storage bins provide additional rentable space. All 12 apartments are rent-stabilized, and three units remain unrenovated, subject to applicable rent regulations.
The property is within walking distance of the 7 train, with the source information citing a 12-minute commute to Midtown Manhattan. Nearby conveniences include retail shops, cafes, restaurants, grocery stores, schools, healthcare facilities, and parks. The property is zoned R6 and includes public parking access.
The property is within walking distance of the 7 train, with the source information citing a 12-minute commute to Midtown Manhattan. Nearby conveniences include retail shops, cafes, restaurants, grocery stores, schools, healthcare facilities, and parks. The property is zoned R6 and includes public parking access.
Key Highlights
- 12‑unit apartment building with 6,324 square feet of living area
- Nine of 12 units recently renovated; three remain unrenovated
- All 12 units are rent‑stabilized
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
$197,861
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
7.73%
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%
$3,957,220
$4.0M
Cap Rate 7%
$2,826,586
$2.8M
Cap Rate 9%
$2,198,456
$2.2M
Market Conditions
NOI Build-Up for 6,324 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
$378.7K $59.88/SF
− Vacancy
−$18.9K −$2.99/SF
EGI
$359.7K $56.89/SF
− OpEx
−$161.9K −$25.60/SF
NOI
$197.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /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%
$3,957,220
Cap Rate 7%
$2,826,586
Cap Rate 9%
$2,198,456
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.47M – $3.30M
NOI $197,861 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.74M
$13.77M – $18.36M
NOI $1,101,894 @ 7.0% cap · market cap 43.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
3,332
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 - Brick construction includes renovated residences, updated systems, and on-site storage facilities.
Where is this apartment building located?
The property is located at 4125 53rd Street Woodside Ny, NY.
What is the asking price?
The asking price for this property is $2,558,888.
What are key features of this property?
This property features: 12‑unit apartment building with 6,324 square feet of living area; Nine of 12 units recently renovated; three remain unrenovated; All 12 units are rent‑stabilized
