Street-Level Office
For Sale
$1,950,000
52-16 Roosevelt Avenue #B1, Woodside, NY 11377
High ceilings complement a flexible layout and separate storage area.
Property Size5,400 SF
Price / SF$361.11
Days on Market201
Property Features for 52-16 Roosevelt Avenue #B1
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Additional Details
Floor
Main Level
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,422
Amenities
high ceilings
street-level presence
dedicated cellar space
close proximity to public transportation
Building Details
Building Size
5,400 SF
Tenancy
Single
Abandoned
No
Listing Agency:
Style And Haus NYC LLC
(917) 892-6023
Listed By:
Wendy Hoi Y. Wong
(917) 892-6023
Source:
Cohenandcohenrealty
Added: Jan 15
Changed: Aug 4
Last Checked: Aug 4 at 3:49AM
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 Style And Haus NYC LLC
Investment Insights
Based on property information with market context.
This commercial condominium includes approximately 3,046 square feet on the main level and an additional 2,354 square feet of cellar storage. The space offers high ceilings, street-level access, and a flexible configuration for commercial or professional use, subject to applicable zoning and approvals. The dedicated cellar provides substantial storage or operational support space.
The property is located at 52-16 Roosevelt Avenue #B1 in Woodside, NY 11377, with public transportation nearby. The condominium is designated as ICAP commercial and includes a tax abatement structured for 25 years.
The property is located at 52-16 Roosevelt Avenue #B1 in Woodside, NY 11377, with public transportation nearby. The condominium is designated as ICAP commercial and includes a tax abatement structured for 25 years.
Key Highlights
- Approximately 3,046 SF of main‑level commercial condominium space
- Additional 2,354 SF of dedicated cellar storage
- High ceilings and street‑level presence
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $272.2k | $50.40 |
| − Vacancy | −$35.1k | −$6.50 |
| EGI | $237.1k | $43.90 |
| − OpEx | −$59.3k | −$10.97 |
| NOI | $177.8k | $32.92 |
5,400 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,789 @ 7.0% cap · market cap 9.12%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,390 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,666 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - High ceilings complement a flexible layout and separate storage area.
Where is this office units located?
The property is located at 52-16 Roosevelt Avenue #B1 Woodside, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 3,046 SF of main‑level commercial condominium space; Additional 2,354 SF of dedicated cellar storage; High ceilings and street‑level presence
