Building Details

Building Size 5,418 SF

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Sep 1 Changed: Oct 23 Last Checked: Oct 23 at 8:56AM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

This newly constructed retail condominium provides approximately 3,064 SF on the ground floor and approximately 2,354 SF in the basement, totaling approximately 5,418 SF. Commercial Certificates of Occupancy cover both levels. The property is zoned C2-3, and its open interior can be configured for a range of commercial purposes, subject to applicable approvals and regulations.

The property is near a subway station and fronts a busy main thoroughfare. ICAP benefits are stated for 15 years for retail and medical uses, and 25 years for other uses.

Key Highlights

• Approximately 5,418 SF total, including about 3,064 SF at ground level and 2,354 SF in the basement
• Commercial Certificates of Occupancy apply to both floors
• C2‑3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$96,711

Cap Rate

5.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,934,220 $1.9M

Cap Rate 7%

$1,381,586 $1.4M

Cap Rate 9%

$1,074,567 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,418 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $279,595 @ 7.0% cap · market cap 15.28%

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

Property Analytics

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Current Use

Retail space

Suggested Use

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

Lease Details

Yes

Paved road access

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

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?

Retail space - Ground-level and basement areas both have commercial Certificates of Occupancy.

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 about 3,064 SF at ground level and 2,354 SF in the basement; Commercial Certificates of Occupancy apply to both floors; C2‑3 zoning