Multi-Unit Mixed-Use
For Sale
$2,200,000
77-16 Woodside Avenue Unit R1, Queens, NY 11373
Mixed-use property positioned near MTA transit lines with multi-unit configuration and income-producing potential.
Property Size5,755 SF
Price / SF$382.28
Days on Market1449
Property Features for 77-16 Woodside Avenue Unit R1
General Information
Standard status
Active
Size
5,755 SF
Property subtype
Multi Family
Additional Details
Cap Rate
6%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$25,569
Amenities
No, No, Other
Square Feet, 20x97.21
Full
Cook Top, Public, Refrigerator, Store+Dwell
Cooktop, Refrigerator
Cook Top,Refrigerator
10
1 Common Wall
Square Feet
Corner Apartment
No
Other
Building Details
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
Listed By:
Rebecca Fang · License #40FA1050916
(718) 899-7000
Source:
Compass
Added: Oct 29, 2022
Changed: Oct 11
Last Checked: Oct 15 at 1:21AM
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 Winzone Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,755-square-foot mixed-use building includes multiple units and is identified as a multi-unit property. Interior information references a store-and-dwell configuration along with cooktops and refrigerators, although the recorded feature entries vary.
The property is located at 77-16 Woodside Avenue, Unit R1, Queens, NY 11373, near MTA transit lines. A 6% cap rate is reported for the asset.
The property is located at 77-16 Woodside Avenue, Unit R1, Queens, NY 11373, near MTA transit lines. A 6% cap rate is reported for the asset.
Key Highlights
- 5,755‑square‑foot multi‑unit mixed‑use building
- 6% cap rate
- Near MTA transit lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,678
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,813,560
$2.8M
Cap Rate 7%
$2,009,686
$2.0M
Cap Rate 9%
$1,563,089
$1.6M
Market Conditions
NOI Build-Up for 5,755 SF
Gross rent
$265.9K $46.20/SF
− Vacancy
−$10.1K −$1.76/SF
EGI
$255.8K $44.44/SF
− OpEx
−$115.1K −$20.00/SF
NOI
$140.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,813,560
Cap Rate 7%
$2,009,686
Cap Rate 9%
$1,563,089
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,678 @ 7.0% cap · market cap 6.39%
Second Best
Retail
$1.47M
$1.28M – $1.71M
NOI $102,727 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,986 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property positioned near MTA transit lines with multi-unit configuration and income-producing potential.
Where is this mixed-use property located?
The property is located at 77-16 Woodside Avenue Unit R1 Queens, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,755‑square‑foot multi‑unit mixed‑use building; 6% cap rate; Near MTA transit lines
