Three Second-Floor Office
For Sale
$2,990,000
43-20 52nd Street, Woodside, NY 11377
SINGLE_FAMILY - Woodside, NY
Property Size5,197 SF
Price / SF$575.33
Days on Market213
Property Features for 43-20 52nd Street
General Information
Property type
Residential
Property subtype
Office
Directions
Google Maps
Standard status
Active
APN
01320-1102
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15482
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Jan 12
Changed: Aug 3
Last Checked: Aug 13 at 8:06AM
MLS# 950860
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale package includes three newly constructed second-floor office suites in a mixed-use building. The offering comprises Unit 1A, Unit 1B, and Unit 1C, totaling 5,197 SF across the three units. Each suite includes private ADA-compliant bathrooms, separate utility meters, independent HVAC systems, and full sprinkler coverage.
The property is located at 43-20 52nd Street in Woodside. Transit access is described as being about a half block from the 52nd Street #7 train station, with multiple bus routes (Q60, Q32, and Q104) also nearby.
The package is available for purchase as a whole or as individual units.
The property is located at 43-20 52nd Street in Woodside. Transit access is described as being about a half block from the 52nd Street #7 train station, with multiple bus routes (Q60, Q32, and Q104) also nearby.
The package is available for purchase as a whole or as individual units.
Key Highlights
- Three second‑floor community facility/office spaces in a newly built mixed‑use building (YearBuilt 2021)
- Total 5,197 SF across Unit 1A (1,700 SF), Unit 1B (1,175 SF), and Unit 1C (2,322 SF)
- Each unit includes private ADA‑compliant bathrooms, separate utility meters, and independent HVAC
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
$171,105
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
5.72%
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%
$3,422,100
$3.4M
Cap Rate 7%
$2,444,357
$2.4M
Cap Rate 9%
$1,901,167
$1.9M
Market Conditions
NOI Build-Up for 5,197 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
$261.9K $50.40/SF
− Vacancy
−$33.8K −$6.50/SF
EGI
$228.1K $43.90/SF
− OpEx
−$57.0K −$10.97/SF
NOI
$171.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,422,100
Cap Rate 7%
$2,444,357
Cap Rate 9%
$1,901,167
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $171,105 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$1.71M
$1.50M – $2.00M
NOI $119,832 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,190 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,870
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three newly constructed second-floor office units with private ADA-compliant bathrooms and independent HVAC systems.
Where is this office units located?
The property is located at 43-20 52nd Street Woodside, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Three second‑floor community facility/office spaces in a newly built mixed‑use building (YearBuilt 2021); Total 5,197 SF across Unit 1A (1,700 SF), Unit 1B (1,175 SF), and Unit 1C (2,322 SF); Each unit includes private ADA‑compliant bathrooms, separate utility meters, and independent HVAC
