Building Details

Year Built 1931

Listing Agency: EAST COAST NEW YORK

Listed By: Millie Hong-Jiao Show Phone

Source: Gosenproperties

Added: Aug 30 Changed: Oct 28 Last Checked: Oct 28 at 3:23PM

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Investment Insights

Based on property information with market context.

This 927-square-foot storefront at 51-27 43 Ave features a glass frontage and dates to 1931. The space is suitable for professional office, grocery, or general retail use.

The property sits along a commercial corridor in Woodside, NY, half a block from the 7 train. Established businesses line the surrounding area, with pedestrian and vehicle activity throughout the day.

Key Highlights

• 927‑square‑foot commercial storefront
• Glass frontage
• Suitable for professional office, grocery, or general retail use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,547

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,940 $330.9K

Cap Rate 7%

$236,386 $236.4K

Cap Rate 9%

$183,856 $183.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 927 SF

Gross rent

$27.8K $30.00/SF

− Vacancy

−$4.2K −$4.50/SF

EGI

$23.6K $25.50/SF

− OpEx

−$7.1K −$7.65/SF

NOI

$16.5K $17.85/SF

Area

Queens County, NY

Vacancy

15.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,940

Cap Rate 7%

$236,386

Cap Rate 9%

$183,856

Alternative Uses

Best Use

Retail

$236.4K

$206.8K – $275.8K (±1% cap)

NOI $16,547 @ 7.0% cap · market cap 424.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$683.4K

$598.0K – $797.3K (±1% cap)

NOI $47,838 @ 7.0% cap · market cap 1,226.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Foodside Market Specialty Food Shop FoodSide - Asian Cuisine Restaurant Japan Corner Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Nursing Home Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,381

Businesses Nearby

631k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 21% Apparel 20% Superstores 19% Home Improvements & Furnishings 15%

BJ's Wholesale Club Superstores

119,525 visits/mo 0.4 miles

The Home Depot Home Improvements & Furnishings

93,325 visits/mo 0.5 miles

H Mart Groceries

69,262 visits/mo 0.4 miles

Marshalls Apparel

66,127 visits/mo 0.5 miles

Burlington Apparel

57,951 visits/mo 0.4 miles

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The compact retail space also accommodates professional office or grocery use.

Where is this storefront property located?

The property is located at 51-27 43 Ave Woodside, NY.

What are key features of this property?

This property features: 927‑square‑foot commercial storefront; Glass frontage; Suitable for professional office, grocery, or general retail use