6-Unit Apartment
For Sale
$1,650,000
5209 Skillman Avenue, Woodside, NY 11377
Six three-bedroom residences are complemented by an unfinished basement for storage and utility space.
Property Size5,208 SF
Lot Size0.06 Acres
Price / SF$316.82
Days on Market8
Property Features for 5209 Skillman Avenue
General Information
Standard status
Active
Size
5,208 SF
Lot size
0.06 Acres
Property subtype
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 3BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$22,464
Building Details
Building Size
5,208 SF
Year Built
1924
Units
6
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Mei D. Xiao · License #10401297242
(646) 707-8701
Source:
Croninreale
Added: Oct 17
Changed: Oct 23
Last Checked: Oct 23 at 9:54AM
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 Prospes Real Estate Corp
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Investment Insights
Based on property information with market context.
This apartment property contains six residential units, each with three bedrooms and one full bathroom. The building provides approximately 5,208 square feet across a 2,717-square-foot lot, with an unfinished basement for storage and utility functions. Seven electric meters and seven gas meters serve the property. Constructed in 1924, the building offers a six-unit configuration near the Sunnyside–Woodside border.
The property is on Skillman Avenue, within short distance of the 52nd Street 7 subway station and Woodside LIRR station. Nearby destinations include supermarkets, shops, cafés, and restaurants along Skillman Avenue, as well as Windmuller Park and Doughboy Park.
The property is on Skillman Avenue, within short distance of the 52nd Street 7 subway station and Woodside LIRR station. Nearby destinations include supermarkets, shops, cafés, and restaurants along Skillman Avenue, as well as Windmuller Park and Doughboy Park.
Key Highlights
- Six residential units, each with 3 bedrooms and 1 full bathroom
- Approximately 5,208 sq. ft. of building area on a 2,717 sq. ft. lot
- Seven electric meters and seven gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,307
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,546,140
$2.5M
Cap Rate 7%
$1,818,671
$1.8M
Cap Rate 9%
$1,414,522
$1.4M
Market Conditions
NOI Build-Up for 5,208 SF
Gross rent
$240.6K $46.20/SF
− Vacancy
−$9.1K −$1.76/SF
EGI
$231.5K $44.44/SF
− OpEx
−$104.2K −$20.00/SF
NOI
$127.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,546,140
Cap Rate 7%
$1,818,671
Cap Rate 9%
$1,414,522
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,307 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,758 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,276
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six three-bedroom residences are complemented by an unfinished basement for storage and utility space.
Where is this apartment building located?
The property is located at 5209 Skillman Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six residential units, each with 3 bedrooms and 1 full bathroom; Approximately 5,208 sq. ft. of building area on a 2,717 sq. ft. lot; Seven electric meters and seven gas meters
