Mixed-Use Building with Medical
41-53 68 Street, Woodside, NY 11377
For Sale
$1,790,000
Eight apartments, two basement medical offices, and R5D zoning bring residential and professional space together in one property.
Property Size6,240 SF
Price / SF$286.86
Days on Market178
Property Features for 41-53 68 Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Office Units
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
AAA Young Shuen Realty Inc
(516) 410-6100
Listed By:
Hui Fang Chen · License #40CH0788536
(917) 681-7009
Source:
Tjralph
Added: May 15
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
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 AAA Young Shuen Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Woodside mixed-use property contains eight apartments and two doctors’ offices in the basement. The apartment mix includes one two-bedroom, one-bath unit, three one-bedroom, one-bath units, and four studios. Building dimensions are 52x60, and the reported building area is 6,240 square feet. Constructed in 1971, the property has undergone recent renewal and uses high-end building materials. R5D zoning applies.
The property fronts Woodside Avenue, with Roosevelt Avenue, the 69 Street subway station, and Woodside LIRR described as nearby. Three family units may be vacant at closing.
The property fronts Woodside Avenue, with Roosevelt Avenue, the 69 Street subway station, and Woodside LIRR described as nearby. Three family units may be vacant at closing.
Key Highlights
- Eight apartments: one 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and four studios
- Two doctors’ offices occupy the basement
- 6,240‑square‑foot building with dimensions of 52x60
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,533
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,050,660
$3.1M
Cap Rate 7%
$2,179,043
$2.2M
Cap Rate 9%
$1,694,811
$1.7M
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$288.3K $46.20/SF
− Vacancy
−$11.0K −$1.76/SF
EGI
$277.3K $44.44/SF
− OpEx
−$124.8K −$20.00/SF
NOI
$152.5K $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 Rate 5%
$3,050,660
Cap Rate 7%
$2,179,043
Cap Rate 9%
$1,694,811
Alternative Uses
Best Use
Office B
$2.93M
$2.57M – $3.42M
NOI $205,445 @ 7.0% cap · market cap 11.48%
Second Best
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,533 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$4.60M
$4.03M – $5.37M
NOI $322,014 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,672
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
$670,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight apartments, two basement medical offices, and R5D zoning bring residential and professional space together in one property.
Where is this mixed-use property located?
The property is located at 41-53 68 Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Eight apartments: one 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and four studios; Two doctors’ offices occupy the basement; 6,240‑square‑foot building with dimensions of 52x60
