Six-Unit Mixed-Use
For Sale
$2,130,000
4021 69th Street, Woodside, NY 11377
Fully leased property combines a commercial space with five residential apartments under R5D zoning.
Property Size4,160 SF
Lot Size0.04 Acres
Price / SF$512.02
Days on Market160
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%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x studio, 2 x 1BR, 1 x 3BR
Multifamily Units
5
Additional Details
Gross Income
$162,914
Taxes and HOA fees
Annual Taxes
$44,508
Building Details
Building Size
4,160 SF
Year Built
2006
Buildings
1
Stories
4
Units
6
Tenancy
Multi
Listing Agency:
Promise Realty LLC
(718) 445-0000
Listed By:
Seon Hyun
(718) 445-0000
Source:
Alexandermadisonhomes
Added: Mar 22
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
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
Investment Insights
Based on property information with market context.
Built in 2006, this mixed-use building contains six units: one commercial space and five apartments comprising two studios, two one-bedroom units, and one three-bedroom unit. The property totals 4,160 square feet on a 1,701-square-foot lot and is described as well maintained. Residential occupants pay their own utilities, and all units are currently leased.
The property is located at 4021 69th Street in Woodside, near 69th Street, Roosevelt Avenue, and Jackson Heights Station. R5D zoning supports the existing mixed-use configuration. The unit mix provides a range of residential layouts alongside the commercial component.
The property is located at 4021 69th Street in Woodside, near 69th Street, Roosevelt Avenue, and Jackson Heights Station. R5D zoning supports the existing mixed-use configuration. The unit mix provides a range of residential layouts alongside the commercial component.
Key Highlights
- Six‑unit mixed‑use building with 1 commercial and 5 residential units
- Residential mix includes 2 studios, 2 one‑bedroom units, and 1 three‑bedroom unit
- 4,160 SF building on a 1,701 SF lot
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
$101,689
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
4.77%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines a commercial space with five residential apartments under R5D zoning.
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: Six‑unit mixed‑use building with 1 commercial and 5 residential units; Residential mix includes 2 studios, 2 one‑bedroom units, and 1 three‑bedroom unit; 4,160 SF building on a 1,701 SF lot
