Queens Multifamily Portfolio
41-25 53rd Street, Woodside, NY 11377
Two stabilized apartment buildings in Woodside and Ridgewood, Queens.
Type:Multifamily
Property size:
15,524 SFPrice / SF:
$289/SF- Added:
- May 20, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 7:29 am
Property Features for 41-25 53rd Street
General Information
- Standard status
- Active
- Size
- 15,524 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agent Raymond Rivera
Listing office One Stop Multiservice Inc
Listing date May 20, 2026
Source Crexi
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
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.
- Strong rental demand: Benefits from historically low vacancy rates due to high tenant demand in Queens.
- Upside potential: Offers future growth through rent optimization, unit improvements, and operational efficiencies.
- Strategic positioning: Located near retail, restaurants, shopping centers, and employment hubs.
Overview
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$4.22M
NOI $379,475 @ 9.00% cap · cautious / downside scenario
Moderate
$5.42M
NOI $379,475 @ 7.00% cap · market / base-case scenario
Aggressive
$7.59M
NOI $379,475 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $717.2k | $46.20 |
| − Vacancy | −$27.3k | −$1.76 |
| EGI | $690.0k | $44.44 |
| − OpEx | −$310.5k | −$20.00 |
| NOI | $379.5k | $24.44 |
15,524 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
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 local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Woodside
- County
- Queens
- State
- New York
- Longitude
- -73.911052
- Latitude
- 40.745229
Nearby Similar for Sale
FAQs
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.
