Mixed-Use
For Sale
$2,130,000
4021 69th Street, Woodside, NY 11377
The property is fully leased, and tenants pay their own utilities.
Property Size4,160 SF
Lot Size0.04 Acres
Price / SF$512.02
Days on Market217
Property Features for 4021 69th Street
General Information
Standard status
Active
Size
4,160 SF
Lot size
0.04 Acres
Property subtype
Commercial
Zoning
R5D
Occupancy
100%
Units
Unit Mix
2 x studio, 2 x 1BR, 1 x 3BR
Multifamily Units
5
Additional Details
Gross Income
$162,914
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$44,508
Building Details
Building Size
4,160 SF
Year Built
2006
Stories
4
Units
6
Tenancy
Multi
Listing Agency:
Promise Realty LLC
Listed By:
Seon Hyun
(718) 445-0000
Source:
Croninreale
Added: Mar 22
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Promise Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property contains 4,160 square feet on a 1,701-square-foot lot. Built in 2006, the building is zoned R5D and is fully rented, with tenants responsible for their utilities.
The property is near Roosevelt Avenue and Jackson Heights Station.
The property is near Roosevelt Avenue and Jackson Heights Station.
Key Highlights
- 4,160 SF building on a 1,701 SF lot
- Built in 2006
- R5D zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,689
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,033,780
$2.0M
Cap Rate 7%
$1,452,700
$1.5M
Cap Rate 9%
$1,129,878
$1.1M
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$192.2K $46.20/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$184.9K $44.44/SF
− OpEx
−$83.2K −$20.00/SF
NOI
$101.7K $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%
$2,033,780
Cap Rate 7%
$1,452,700
Cap Rate 9%
$1,129,878
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,689 @ 7.0% cap · market cap 4.77%
Second Best
Mixed Use
$764.8K
$669.2K – $892.3K
NOI $53,539 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,676 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,797
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property is fully leased, and tenants pay their own utilities.
Where is this mixed-use property located?
The property is located at 4021 69th Street Woodside, NY.
What is the asking price?
The asking price for this property is $2,130,000.
What are key features of this property?
This property features: 4,160 SF building on a 1,701 SF lot; Built in 2006; R5D zoning
