New Retail
New
For Sale
$1,830,000
52-16 Roosevelt ave, Woodside, NY 11377
Ground-floor and basement commercial certificates of occupancy support a range of approved business uses.
Property Size5,418 SF
Price / SF$337.76
Days on Market3
Property Features for 52-16 Roosevelt ave
General Information
Standard status
Active
Size
5,418 SF
Property subtype
Retail
Zoning
C2-3
Additional Details
Floor
Ground, Basement
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,983
Building Details
Building Size
5,418 SF
Listing Agency:
Winzone Realty Inc
Listed By:
Mo Tian
(347) 200-8885
Source:
Cbwarburg
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 2:11PM
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 brand-new commercial condominium combines approximately 3,064 SF of ground-floor retail space with approximately 2,354 SF of legal commercial basement space, totaling approximately 5,418 SF. Both levels hold commercial Certificates of Occupancy, and the open configuration can be adapted for retail, office, showroom, medical, professional, or service-related operations, subject to applicable regulations and approvals.
The property is positioned near the subway and along a busy main thoroughfare. C2-3 zoning supports the existing commercial framework, while approximately 25 years of tax benefits are associated with the property. The configuration provides separate ground-floor and basement areas within a single commercial condominium.
The property is positioned near the subway and along a busy main thoroughfare. C2-3 zoning supports the existing commercial framework, while approximately 25 years of tax benefits are associated with the property. The configuration provides separate ground-floor and basement areas within a single commercial condominium.
Key Highlights
- Approximately 5,418 SF total, including approximately 3,064 SF ground floor and 2,354 SF basement
- Legal commercial basement with commercial Certificate of Occupancy
- Ground floor and basement each have commercial Certificates of Occupancy
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
$96,711
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
5.28%
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%
$1,934,220
$1.9M
Cap Rate 7%
$1,381,586
$1.4M
Cap Rate 9%
$1,074,567
$1.1M
Market Conditions
NOI Build-Up for 5,418 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
$162.5K $30.00/SF
− Vacancy
−$24.4K −$4.50/SF
EGI
$138.2K $25.50/SF
− OpEx
−$41.4K −$7.65/SF
NOI
$96.7K $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 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%
$1,934,220
Cap Rate 7%
$1,381,586
Cap Rate 9%
$1,074,567
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,711 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,595 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
218k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 27%
Groceries 11%
Office Supplies 9%
Staples
Office Supplies
19,965 visits/mo
0.4 miles
Bank of America
Shops & Services
17,011 visits/mo
0.2 miles
Starbucks
Dining
16,082 visits/mo
0.2 miles
White Castle
Dining
15,897 visits/mo
0.3 miles
Mobil
Shops & Services
15,832 visits/mo
0.0 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor and basement commercial certificates of occupancy support a range of approved business uses.
Where is this retail space located?
The property is located at 52-16 Roosevelt ave Woodside, NY.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Approximately 5,418 SF total, including approximately 3,064 SF ground floor and 2,354 SF basement; Legal commercial basement with commercial Certificate of Occupancy; Ground floor and basement each have commercial Certificates of Occupancy
