Four-Story Apartment
For Sale
$1,349,000
52-06 Roosevelt Avenue, Woodside, NY 11377
Residential layouts include two- and three-bedroom apartments, along with two one-bedroom units.
Property Size4,480 SF
Days on Market57
Property Features for 52-06 Roosevelt Avenue
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 2 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$46,549
Building Details
Building Size
4,480 SF
Year Built
2004
Listing Agency:
Winzone Realty Inc
Listed By:
Lawrence Gao · License #10401301792
368
Source:
Serhant
Added: Jul 30
Changed: Sep 9
Last Checked: Sep 22 at 9:30PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This four-story apartment building, constructed in 2004, contains varied residential layouts across its upper levels. The first floor provides a two-bedroom, two-bathroom apartment, while the second and third floors each contain three-bedroom, two-bathroom apartments. The fourth floor is divided into front and rear one-bedroom, one-bathroom apartments.
The property is located on Roosevelt Avenue in Woodside, New York, and carries R6 zoning. The building’s mix of bedroom counts and bathroom configurations supports a five-apartment residential arrangement across the four-story structure.
The property is located on Roosevelt Avenue in Woodside, New York, and carries R6 zoning. The building’s mix of bedroom counts and bathroom configurations supports a five-apartment residential arrangement across the four-story structure.
Key Highlights
- Five apartment layouts across four stories
- First‑floor unit with 2 bedrooms and 2 bathrooms
- Second- and third‑floor units each offer 3 bedrooms and 2 bathrooms
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
$109,511
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
8.12%
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%
$2,190,220
$2.2M
Cap Rate 7%
$1,564,443
$1.6M
Cap Rate 9%
$1,216,789
$1.2M
Market Conditions
NOI Build-Up for 4,480 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
$207.0K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$199.1K $44.44/SF
− OpEx
−$89.6K −$20.00/SF
NOI
$109.5K $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 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%
$2,190,220
Cap Rate 7%
$1,564,443
Cap Rate 9%
$1,216,789
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.83M
NOI $109,511 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,190 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,847
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential layouts include two- and three-bedroom apartments, along with two one-bedroom units.
Where is this apartment building located?
The property is located at 52-06 Roosevelt Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Five apartment layouts across four stories; First‑floor unit with 2 bedrooms and 2 bathrooms; Second- and third‑floor units each offer 3 bedrooms and 2 bathrooms
