Woodside Multifamily Building: 12
41-25 53st, Woodside, NY 11377
- Added:
- Apr 30, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 41-25 53st
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 100
- Bathrooms
- 12
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage, Garage - Attached
- Interior features
- Intercom
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 6,324 SF
Taxes and HOA fees
- Tax Annual Amount
- 42772
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1928
- Year renovated
- 1928
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Raymond Rivera (718) 554-0257
Listing office ONE STOP MULTISERVICE INC 41-39 54 ST SUITE 4, WOODSIDE, NY (718) 554-0257
Listing date Apr 30, 2026
MLS# 11737551
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong rent‑stabilized cash flow with long‑term appreciation potential in a high‑demand location (Woodside, Queens).
- Prime transit‑oriented location: Walking distance to the 7 Train, providing a 12‑minute commute to Midtown Manhattan.
- 7 of 12 apartments recently renovated with modern kitchens, updated bathrooms, new flooring, and energy‑efficient windows.
- New roof and boiler system: Major capital improvements minimize future maintenance costs.
- Additional income generated through on‑site storage bins.
- Value‑add opportunity: 5 units remaining to be updated for increased rental income.
Overview
This well-maintained brick multifamily building is located in Woodside, Queens, offering approximately 6,324 square feet of residential living space. The property features 12 residential units, with 7 apartments recently renovated to include modern kitchens, updated bathrooms, new flooring, and energy-efficient windows. The building has undergone capital improvements, including a new roof and boiler system. Additional income is generated through on-site storage bins. Several units feature updated electrical and plumbing systems. Situated within walking distance of the 7 Train, the property is approximately a 12-minute commute to Midtown Manhattan. Residents have access to shopping, supermarkets, restaurants, cafes, parks, schools, and neighborhood amenities. With 5 units remaining to be updated, there is an opportunity to further increase rental income through future renovations, subject to applicable rent stabilization guidelines. The property is located in a prime transit-oriented location with long-term appreciation potential. The seller is also offering an additional 8-unit multifamily property located at 6119 Madison St in Ridgewood. Combined, both assets create a rare 20-unit Queens multifamily portfolio opportunity.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.2k | $46.20 |
| − Vacancy | −$11.1k | −$1.76 |
| EGI | $281.1k | $44.44 |
| − OpEx | −$126.5k | −$20.00 |
| NOI | $154.6k | $24.44 |
6,324 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.21M
$1.93M – $2.58M
NOI $154,587 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,349 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Woodside
- County
- Queens
- State
- New York
- Longitude
- -73.911199
- Latitude
- 40.744953
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit building in Woodside, Queens, near the 7 Train.
Where is this apartment building located?
The property is located at 41-25 53st Woodside, NY.
What is the asking price?
The asking price for this property is $2,588,888.
What are key features of this property?
This property features: Strong rent‑stabilized cash flow with long‑term appreciation potential in a high‑demand location (Woodside, Queens).; Prime transit‑oriented location: Walking distance to the 7 Train, providing a 12‑minute commute to Midtown Manhattan.; **7 of 12 apartments recently renovated with modern kitchens, updated bathrooms, new flooring, and energy‑efficient windows.**
