Flexible Second-Floor Office
For Sale
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54 ROOSEVELT AVE, Woodside, NY 11377
Open commercial layout along Roosevelt Avenue supports office, studio, educational, and event-oriented uses subject to approval.
Property Size2,000 SF
Price / SF$2.80
Days on Market65
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Property Features for 54 ROOSEVELT AVE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Additional Details
Floor
2
Public Transit
Yes
Listing Agency:
One Stop Multiservice Inc
Listed By:
Raymond Rivera · License #31RI0930921
(718) 554-0257
Source:
Crexi
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 14 at 9:03PM
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 One Stop Multiservice Inc
Investment Insights
Based on property information with market context.
This second-floor office space provides approximately 2,000 square feet in an open, adaptable configuration. The premises were previously used for dance instruction and private events, offering a layout that can be reorganized for office operations, fitness or movement-based instruction, creative production, education, training, or other permitted commercial activities. All uses remain subject to landlord approval and applicable zoning or municipal requirements.
The property is located at 54 Roosevelt Ave in Woodside, Queens, along a busy commercial corridor with established residential and commercial activity. The location offers convenient access to public transportation, along with street-level visibility and accessibility for businesses serving local customers, members, students, or clients.
The property is located at 54 Roosevelt Ave in Woodside, Queens, along a busy commercial corridor with established residential and commercial activity. The location offers convenient access to public transportation, along with street-level visibility and accessibility for businesses serving local customers, members, students, or clients.
Key Highlights
- Approximately 2,000 SF of second‑floor commercial space
- Open floor plan with adaptable configuration
- Previously operated as a dance studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,848
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,960
$1.3M
Cap Rate 7%
$940,686
$940.7K
Cap Rate 9%
$731,644
$731.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$100.8K $50.40/SF
− Vacancy
−$13.0K −$6.50/SF
EGI
$87.8K $43.90/SF
− OpEx
−$21.9K −$10.97/SF
NOI
$65.8K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,960
Cap Rate 7%
$940,686
Cap Rate 9%
$731,644
Alternative Uses
Best Use
Office B
$940.7K
$823.1K – $1.10M
NOI $65,848 @ 7.0% cap · market cap 1,175.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 1,843.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Open commercial layout along Roosevelt Avenue supports office, studio, educational, and event-oriented uses subject to approval.
Where is this office units located?
The property is located at 54 ROOSEVELT AVE Woodside, NY.
What are key features of this property?
This property features: Approximately 2,000 SF of second‑floor commercial space; Open floor plan with adaptable configuration; Previously operated as a dance studio
