Street-Level Storefront
For Sale
$1,950,000
52-16 Roosevelt Avenue B1, Woodside, NY 11377
Commercial condominium with high ceilings and dedicated cellar storage.
Property Size5,400 SF
Price / SF$361.11
Days on Market11
Property Features for 52-16 Roosevelt Avenue B1
General Information
Standard status
Active
Size
5,400 SF
Additional Details
Floor
Ground
Public Transit
Yes
Amenities
high ceilings
street-level presence
dedicated cellar space
close proximity to public transportation
Listing Agency:
Style And Haus NYC LLC
(917) 892-6023
Listed By:
Wendy Hoi Y. Wong
Source:
Realtyconnectusa
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 1:15PM
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 provides approximately 3,046 square feet on the main level, complemented by 2,354 square feet of cellar storage. The space has a high-ceiling configuration, direct street-level presence, and a layout that can accommodate commercial or professional uses subject to zoning and required approvals.
Located at 52-16 Roosevelt Avenue B1 in Woodside, the property is positioned near public transportation. The asset carries ICAP commercial status with a 25-year tax abatement, while the dedicated cellar offers substantial support space for storage or operations.
Located at 52-16 Roosevelt Avenue B1 in Woodside, the property is positioned near public transportation. The asset carries ICAP commercial status with a 25-year tax abatement, while the dedicated cellar offers substantial support space for storage or operations.
Key Highlights
- Approximately 3,046 square feet on the main level
- Additional 2,354 square feet of cellar storage
- Street‑level storefront presence with high ceilings
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
$96,390
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
4.94%
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%
$1,927,800
$1.9M
Cap Rate 7%
$1,377,000
$1.4M
Cap Rate 9%
$1,071,000
$1.1M
Market Conditions
NOI Build-Up for 5,400 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
$162.0K $30.00/SF
− Vacancy
−$24.3K −$4.50/SF
EGI
$137.7K $25.50/SF
− OpEx
−$41.3K −$7.65/SF
NOI
$96.4K $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%
$1,927,800
Cap Rate 7%
$1,377,000
Cap Rate 9%
$1,071,000
Alternative Uses
Best Use
Retail
$1.38M
$1.20M – $1.61M
NOI $96,390 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
218k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Greenhouse Flowers & Plants LLC — 50-60 48th St, Flushing, NY 11377
- Queens Flower Delivery — 45-54 43rd St, Sunnyside, NY 11104
- 1-800-Flowers — 3601 47th Ave, Long Island City, NY 11101
- E-Z Flowers Inc. — 4545 36th st, long island city, ny 11101
- Brett Leemkuil — 4536 39th Pl, Sunnyside, NY 11104
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condominium with high ceilings and dedicated cellar storage.
Where is this storefront property 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 square feet on the main level; Additional 2,354 square feet of cellar storage; Street‑level storefront presence with high ceilings
