Automotive and Entertainment
56-15 Northern Blvd Woodside, NY 11377
56-15 Northern Blvd, Woodside, NY, 11377
Contact for pricing
For Sale
Contact for pricing
Two-story property includes ground-floor automotive service space and second-floor former nightclub use, on a lot with Northern Boulevard frontage.
Property Size25,000 SF
Lot Size0.34 Acres
Price / SF$392
Days on Market95
Property Features for 56-15 Northern Blvd
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 0.34 Acres
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1964
Listing agency
Marcus & Millichap - Manhattan
(212) 430-5196
Listed by
Michael Tuccillo · License #NY 10401244358
Source
Crexi
Added: Apr 20 Updated: Jul 23 at 4:44AM Checked: Jul 23 at 4:44AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
The property at 56-15 Northern Boulevard is a two-story commercial building totaling approximately 25,000 square feet across a lot of approximately 15,000 square feet. The first floor is built out for auto repair, parts, and service, offering a plug-and-play automotive configuration for end users. The second floor previously operated as a nightclub and provides additional flexible space that may be adapted for other commercial uses.
The site has strong frontage on Northern Boulevard, a highly traveled Queens corridor with heavy concentrations of auto dealerships, service centers, and high-profile retail users. The remarks indicate approximately 35,000 vehicles per day along the corridor and describe quick access to the BQE, Grand Central Parkway, and Long Island Expressway, with nearby subway and bus service supporting customer and employee access.
With its frontage, automotive first-floor buildout, and a second level that can support a range of commercial conversions, the property offers multiple ways to approach ownership and occupancy within a dense, retail- and service-oriented area.
The site has strong frontage on Northern Boulevard, a highly traveled Queens corridor with heavy concentrations of auto dealerships, service centers, and high-profile retail users. The remarks indicate approximately 35,000 vehicles per day along the corridor and describe quick access to the BQE, Grand Central Parkway, and Long Island Expressway, with nearby subway and bus service supporting customer and employee access.
With its frontage, automotive first-floor buildout, and a second level that can support a range of commercial conversions, the property offers multiple ways to approach ownership and occupancy within a dense, retail- and service-oriented area.
Key Highlights
- Two‑story commercial property on a ±15,000 SF lot with strong frontage on Northern Boulevard
- Total building size of roughly ±25,000 SF across two floors (±12,500 SF per floor)
- First floor is currently built out for auto repair, parts, and service (±12,500 SF)
Local Financial Insights For Retail
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 | $750.0k | $30.00 |
| − Vacancy | −$112.5k | −$4.50 |
| EGI | $637.5k | $25.50 |
| − OpEx | −$191.3k | −$7.65 |
| NOI | $446.3k | $17.85 |
25,000 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$16.53M
$14.46M – $19.28M
NOI $1,157,063 @ 7.0% cap · market cap 11.81%
Second Best
Retail
$6.37M
$5.58M – $7.44M
NOI $446,250 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$18.43M
$16.13M – $21.50M
NOI $1,290,120 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- CRS — 52-35 58th St, Woodside, NY 11377
- 24 Hour Tow Truck Queens NY — 51-38 48th St 2nd Floor, Queens, NY 11377
- DSNY -CRS TIRE SHOP — 52-1 58th Pl, Woodside, NY 11377
- Department Of Sanitation Central Repair Shop — 5233 58th St, Queens, NY 11377
- Ready To Go Service and Sales LLC — 52-09 69th St, Maspeth, NY 11378
FAQs
What type of property is this?
Auto shop - Two-story property includes ground-floor automotive service space and second-floor former nightclub use, on a lot with Northern Boulevard frontage.
Where is this auto shop located?
The property is located at 56-15 Northern Blvd Woodside, NY.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: Two‑story commercial property on a ±15,000 SF lot with strong frontage on Northern Boulevard; Total building size of roughly ±25,000 SF across two floors (±12,500 SF per floor); First floor is currently built out for auto repair, parts, and service (±12,500 SF)
