Second-Floor Office
For Sale
$2,990,000
43-20 52nd Street Unit CF, Woodside, NY 11377
Three separately metered suites offer ADA-compliant bathrooms and independent HVAC systems.
Property Size5,197 SF
Price / SF$575.33
Days on Market240
Property Features for 43-20 52nd Street Unit CF
General Information
Standard status
Active
Size
5,197 SF
Property subtype
Office
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
2
Sprinkler System
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$15,482
Amenities
private ADA-compliant bathrooms
separate utility meters
independent HVAC systems
Building Details
Building Size
5,197 SF
Year Built
2021
Buildings
1
Listing Agency:
B Square Realty
Listed By:
Li Li
Source:
Serhant
Added: Jan 12
Changed: Sep 8
Last Checked: Sep 9 at 7:39AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This offering includes three second-floor office units within a mixed-use building completed in 2021. The suites contain 5,197 SF in total, with individual areas of 1,700 SF, 1,175 SF, and 2,322 SF. Each unit has its own ADA-compliant bathroom, utility meter, and HVAC system, along with full sprinkler coverage. The configuration supports community facility, professional service, education, and healthcare-related operations identified for the property.
The building is located at 43-20 52nd Street in Woodside, approximately half a block from the 52nd Street #7 train station. Q60, Q32, and Q104 bus routes are also nearby, with access toward Midtown Manhattan via the Queensboro Bridge and Midtown Tunnel. The units may be acquired together or individually, and leasing options are available.
The building is located at 43-20 52nd Street in Woodside, approximately half a block from the 52nd Street #7 train station. Q60, Q32, and Q104 bus routes are also nearby, with access toward Midtown Manhattan via the Queensboro Bridge and Midtown Tunnel. The units may be acquired together or individually, and leasing options are available.
Key Highlights
- Three office units totaling 5,197 SF
- Unit sizes of 1,700 SF, 1,175 SF, and 2,322 SF
- Completed in 2021 within a mixed‑use building
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
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Open Analytics
Current Use
Lease Details
3
Office units
Yes
Sprinkler system
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Three separately metered suites offer ADA-compliant bathrooms and independent HVAC systems.
Where is this office units located?
The property is located at 43-20 52nd Street Unit CF 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 office units totaling 5,197 SF; Unit sizes of 1,700 SF, 1,175 SF, and 2,322 SF; Completed in 2021 within a mixed‑use building
