Mixed-Use Building with Street-Level
For Sale
$16,000,000
43-34 53rd Street Woodside, Ny, NY 11377
A 7-story building offering 16 one-bedroom residences and approximately 5,000 square feet of street-level retail space.
Property Size20,597 SF
Price / SF$776.81
Days on Market47
Property Features for 43-34 53rd Street Woodside
General Information
Standard status
Active
Size
20,597 SF
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$188,246
Amenities
Finished,Full,Storage Space,Walk-Out Access
Vinyl
7
Yes
Finished, Full, Storage Space, Walk-Out Access
Public
No
20597
Building Details
Building Size
20,597 SF
Year Built
2022
Stories
7
Listing Agency:
(718) 684-8000
Listed By:
Chavanne Samuels
(718) 684-8000
Source:
Parkassets
Added: Jul 8
Changed: Aug 22
Last Checked: Aug 23 at 2:29AM
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 Chavanne Samuels
Investment Insights
Based on property information with market context.
43-34 53rd Street is a 7-story mixed-use development in Woodside, Queens, combining residential units with street-level commercial space. The residential component features 16 one-bedroom apartments, with unit sizes ranging from 450 to 675 square feet.
At the street level, the building includes approximately 5,000 square feet of retail/commercial space designed for high-visibility access from the sidewalk. The property is presented as a single building that supports both ongoing residential occupancy and a retail presence at the ground floor.
Overall, the configuration provides a straightforward live-and-work-style mix, with the majority of the living units located above and the commercial space positioned for retail use directly at the street.
At the street level, the building includes approximately 5,000 square feet of retail/commercial space designed for high-visibility access from the sidewalk. The property is presented as a single building that supports both ongoing residential occupancy and a retail presence at the ground floor.
Overall, the configuration provides a straightforward live-and-work-style mix, with the majority of the living units located above and the commercial space positioned for retail use directly at the street.
Key Highlights
- 7‑story, mixed‑use building built in 2022 with public water service
- Residential: 16 one‑bedroom residences with unit sizes ranging from 450 to 675 sq ft
- Street level includes approximately 5,000 sq ft of retail/commercial space
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
$656,529
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
4.10%
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%
$13,130,580
$13.1M
Cap Rate 7%
$9,378,986
$9.4M
Cap Rate 9%
$7,294,767
$7.3M
Market Conditions
NOI Build-Up for 20,597 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
$1.24M $60.00/SF
− Vacancy
−$185.4K −$9.00/SF
EGI
$1.05M $51.00/SF
− OpEx
−$393.9K −$19.13/SF
NOI
$656.5K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
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%
$13,130,580
Cap Rate 7%
$9,378,986
Cap Rate 9%
$7,294,767
Alternative Uses
Best Use
Retail
$41.41M
$36.23M – $48.31M
NOI $2,898,503 @ 7.0% cap · market cap 18.12%
Second Best
Mixed Use
$9.38M
$8.21M – $10.94M
NOI $656,529 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$51.27M
$44.86M – $59.81M
NOI $3,588,821 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 7-story building offering 16 one-bedroom residences and approximately 5,000 square feet of street-level retail space.
Where is this mixed-use property located?
The property is located at 43-34 53rd Street Woodside Ny, NY.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 7‑story, mixed‑use building built in 2022 with public water service; Residential: 16 one‑bedroom residences with unit sizes ranging from 450 to 675 sq ft; Street level includes approximately 5,000 sq ft of retail/commercial space
