6-Unit Apartment
New
For Sale
$1,650,000
5209 Skillman Avenue, Woodside, NY 11377
Commercial Sale, Woodside, NY
Property Size5,208 SF
Lot Size0.06 Acres
Price / SF$316.82
Days on Market5
Property Features for 5209 Skillman Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street
Basement
Unfinished
Elementary school
Ps 11 Kathryn Phelan
Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
Queens 30
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Active
APN
01238-0002
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
22464
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1924
Number of units
6
Building materials
Stone
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Mei D. Xiao · License #10401297242
(646) 707-8701
Added: Oct 14
Changed: Oct 18
Last Checked: Oct 18 at 10:06AM
MLS# 1062711
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 1924 apartment building contains six residences, each configured with three bedrooms and one full bathroom. The property totals 5,208 sq. ft. on a 2,717 sq. ft. lot, or 0.0624 acres. An unfinished basement adds utility and storage space. The building has seven electric meters and seven gas meters, with natural gas heating, wall/window unit cooling, public water, and public sewer.
The property is on Skillman Avenue in Woodside, near the Sunnyside/Woodside border. The 52nd Street 7 subway station and Woodside LIRR station are nearby, as are Windmuller Park, Doughboy Park, and shops and restaurants along Skillman Avenue.
The property is on Skillman Avenue in Woodside, near the Sunnyside/Woodside border. The 52nd Street 7 subway station and Woodside LIRR station are nearby, as are Windmuller Park, Doughboy Park, and shops and restaurants along Skillman Avenue.
Key Highlights
- Six residences, each with 3 bedrooms and 1 full bathroom
- 5,208 sq. ft. building on a 2,717 sq. ft. lot (0.0624 acres)
- 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
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Open Analytics
Current Use
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
Check the figures for this property
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 - Each residence has three bedrooms and one full bathroom, with 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 residences, each with 3 bedrooms and 1 full bathroom; 5,208 sq. ft. building on a 2,717 sq. ft. lot (0.0624 acres); Seven electric meters and seven gas meters
