Retail Condominium with Commercial
For Sale
$1,830,000
52-16 Roosevelt ave, Woodside, NY 11377
Commercial Sale, Woodside, NY
Property Size5,418 SF
Price / SF$337.76
Days on Market47
Property Features for 52-16 Roosevelt ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Rooms
Basement
Basement
Walk-Out Access, Full, Partially Finished
Elementary school district
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Middle school district
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High school district
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Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10983
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Private
Building Details
Building materials
Aluminum Siding
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Mo Tian
(347) 200-8885
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 17 at 2:06PM
MLS# 1045800
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This newly built retail condominium combines a ground-level commercial space of approximately 3,064 square feet with a legal commercial basement of approximately 2,354 square feet. Together, the two levels provide approximately 5,418 square feet. Each level has a commercial Certificate of Occupancy, and the interior is open for configuration. The property is zoned C2-3.
The building is on Roosevelt Avenue near subway service and a busy main thoroughfare. Retail and medical uses qualify for 15 years of ICAP benefits; other uses qualify for 25 years, subject to applicable regulations and approvals.
The building is on Roosevelt Avenue near subway service and a busy main thoroughfare. Retail and medical uses qualify for 15 years of ICAP benefits; other uses qualify for 25 years, subject to applicable regulations and approvals.
Key Highlights
- Approximately 5,418 square feet across ground floor and legal commercial basement
- Ground floor measures approximately 3,064 SF; basement measures approximately 2,354 SF
- Commercial Certificates of Occupancy cover both levels
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
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
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Both levels carry commercial Certificates of Occupancy, with C2-3 zoning and an open interior layout.
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 square feet across ground floor and legal commercial basement; Ground floor measures approximately 3,064 SF; basement measures approximately 2,354 SF; Commercial Certificates of Occupancy cover both levels
