Queens Multifamily Portfolio
For Sale
Contact for pricing
41-25 53rd Street, Woodside, NY 11377
Two stabilized apartment buildings in Woodside and Ridgewood, Queens.
Property Size15,524 SF
Price / SF$289.87
Days on Market99
Property Features for 41-25 53rd Street
General Information
Standard status
Active
Size
15,524 SF
Property subtype
Multifamily
Zoning
R6
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$303,188
Building Details
Year Built
1930
Year Renovated
2024
Buildings
2
Stories
4
Units
20
Tenancy
Multi
Listing Agency:
One Stop Multiservice Inc
(718) 554-0257
Listed By:
Raymond Rivera
Source:
Crexi
Added: May 20
Changed: Aug 24
Last Checked: Aug 25 at 11:27PM
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 One Stop Multiservice Inc
Investment Insights
Based on property information with market context.
This exclusive Queens multifamily portfolio offers investors a rare chance to acquire two stabilized brick apartment buildings in Woodside and Ridgewood, Queens. The portfolio combines strong in-place income with excellent transportation access. It also offers long-term upside potential through continued rental growth and operational efficiencies. Both assets benefit from proximity to major subway lines, including the 7 Train and M Train, providing direct commuter access to Midtown Manhattan and Brooklyn. These transit-oriented locations drive strong tenant demand and historically low vacancy rates. The portfolio currently produces over $427,000 in annual gross income with stable collections and consistent occupancy. Existing cash flow provides immediate returns for investors while maintaining future upside through unit improvements and rent optimization. The buildings are strategically positioned near major transportation corridors, neighborhood retail, restaurants, shopping centers, and employment hubs, making them highly attractive to tenants seeking accessibility and convenience. Queens continues to experience strong rental demand due to limited housing supply and continued migration from Manhattan and Brooklyn. Ridgewood and Woodside remain two of the borough's strongest performing multifamily rental markets. The portfolio presents investors with immediate in-place cash flow while maintaining strong future upside potential through rent growth, operational efficiencies, and strategic unit upgrades over time. Investors benefit from a strong going-in cap rate with future appreciation potential supported by Queens' continued multifamily market growth. The property size is 15524 square feet.
Key Highlights
- High income: Generates over $427,000 in annual gross income with stable collections.
- Prime locations: Situated in the desirable Woodside and Ridgewood submarkets of Queens.
- Excellent transportation: Close proximity to the 7 and M subway lines for easy access to Manhattan and Brooklyn.
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
$379,475
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
8.43%
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%
$7,589,500
$7.6M
Cap Rate 7%
$5,421,071
$5.4M
Cap Rate 9%
$4,216,389
$4.2M
Market Conditions
NOI Build-Up for 15,524 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
$717.2K $46.20/SF
− Vacancy
−$27.3K −$1.76/SF
EGI
$690.0K $44.44/SF
− OpEx
−$310.5K −$20.00/SF
NOI
$379.5K $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%
$7,589,500
Cap Rate 7%
$5,421,071
Cap Rate 9%
$4,216,389
Alternative Uses
Best Use
Apartment 5plus
$5.42M
$4.74M – $6.32M
NOI $379,475 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.44M
$10.01M – $13.35M
NOI $801,113 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,276
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 - Two stabilized apartment buildings in Woodside and Ridgewood, Queens.
Where is this apartment building located?
The property is located at 41-25 53rd Street Woodside, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: High income: Generates over $427,000 in annual gross income with stable collections.; Prime locations: Situated in the desirable Woodside and Ridgewood submarkets of Queens.; Excellent transportation: Close proximity to the 7 and M subway lines for easy access to Manhattan and Brooklyn.
