Multifamily Property with Private
New
For Sale
$1,490,088
5023 60th Street, Woodside, NY 11377
Finished walk-out space and fenced front and back yards provide additional functional areas.
Property Size2,109 SF
Days on Market4
Property Features for 5023 60th Street
General Information
Standard status
Active
Size
2,109 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,016
Amenities
Ductless, Wall/Window Unit(s)
Natural Gas
Finished, Walk-Out Access
Chandelier, Crown Molding, Granite Counters, Recessed Lighting
Fenced, Back Yard, Front Yard
Driveway, Private
Awning(s), Garden
Building Details
Building Size
2,109 SF
Year Built
1960
Listing Agency:
Chime Realty Corp.
Listed By:
Phyllis Romeo
(347) 439-7857
Source:
Evrealestate
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:24AM
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 Chime Realty Corp.
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Investment Insights
Based on property information with market context.
Built in 1960, this multifamily property includes finished space with walk-out access. Interior details include granite counters, crown molding, recessed lighting, and a chandelier. Ductless and wall/window units, along with natural gas, are also listed among the property features.
The exterior has a private driveway, fenced front and back yards, a garden, and awnings. The property is at 5023 60th Street in Woodside, between Laurel Hill Road and Tyler Avenue.
The exterior has a private driveway, fenced front and back yards, a garden, and awnings. The property is at 5023 60th Street in Woodside, between Laurel Hill Road and Tyler Avenue.
Key Highlights
- Finished space with walk‑out access
- Built in 1960
- Private driveway and fenced front and back yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,553
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,060
$1.0M
Cap Rate 7%
$736,471
$736.5K
Cap Rate 9%
$572,811
$572.8K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$97.4K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.7K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.6K $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%
$1,031,060
Cap Rate 7%
$736,471
Cap Rate 9%
$572,811
Alternative Uses
Best Use
Apartment 5plus
$736.5K
$644.4K – $859.2K
NOI $51,553 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,835 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Finished walk-out space and fenced front and back yards provide additional functional areas.
Where is this multifamily property located?
The property is located at 5023 60th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,490,088.
What are key features of this property?
This property features: Finished space with walk‑out access; Built in 1960; Private driveway and fenced front and back yards
