Mixed-Use Elevator
45-35 47th Street, Woodside, NY 11377
For Sale
Contact for pricing
Eleven apartments and two ground-floor retail spaces are served by an elevator.
Property Size12,483 SF
Lot Size0.10 Acres
Price / SF$520.71
Days on Market36
Property Features for 45-35 47th Street
General Information
Standard status
Size
Elevators
Lot size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Amenities
elevator
full basement
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Apple Realty Group
Listed By:
Raymond Wong · License #8892
(718) 414-9328
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 5:51PM
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 Apple Realty Group
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Investment Insights
Based on property information with market context.
Built in 2006, this mixed-use property contains 12,483 square feet on a 4,275-square-foot lot. Its residential component comprises 11 apartments: three with three bedrooms and two bathrooms, plus eight with one bedroom and one bathroom. Two retail spaces occupy the ground floor. Building features include an elevator and a full basement.
The property is in Woodside, Queens, near public transportation, major thoroughfares, shopping, restaurants, and neighborhood amenities.
The property is in Woodside, Queens, near public transportation, major thoroughfares, shopping, restaurants, and neighborhood amenities.
Key Highlights
- 12,483‑square‑foot building on a 4,275‑square‑foot lot
- 11 apartments: three 3‑bedroom, 2‑bath units and eight 1‑bedroom, 1‑bath units
- Two ground‑floor retail spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,140
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,102,800
$6.1M
Cap Rate 7%
$4,359,143
$4.4M
Cap Rate 9%
$3,390,444
$3.4M
Market Conditions
NOI Build-Up for 12,483 SF
Gross rent
$576.7K $46.20/SF
− Vacancy
−$21.9K −$1.76/SF
EGI
$554.8K $44.44/SF
− OpEx
−$249.7K −$20.00/SF
NOI
$305.1K $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%
$6,102,800
Cap Rate 7%
$4,359,143
Cap Rate 9%
$3,390,444
Alternative Uses
Best Use
Apartment 5plus
$4.36M
$3.81M – $5.09M
NOI $305,140 @ 7.0% cap · market cap 4.69%
Second Best
Mixed Use
$2.30M
$2.01M – $2.68M
NOI $160,656 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$9.20M
$8.05M – $10.74M
NOI $644,183 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,561
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
$670,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eleven apartments and two ground-floor retail spaces are served by an elevator.
Where is this mixed-use property located?
The property is located at 45-35 47th Street Woodside, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 12,483‑square‑foot building on a 4,275‑square‑foot lot; 11 apartments: three 3‑bedroom, 2‑bath units and eight 1‑bedroom, 1‑bath units; Two ground‑floor retail spaces
