Mixed-Use Building with
New
For Sale
$1,275,000
61-16 Laurel Hill Boulevard, Woodside, NY 11377
A two-bedroom apartment occupies the second floor above a bar and tavern with basement space.
Property Size2,373 SF
Days on Market7
Property Features for 61-16 Laurel Hill Boulevard
General Information
Standard status
Active
Size
2,373 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$17,367
Building Details
Building Size
2,373 SF
Year Built
1973
Buildings
1
Listing Agency:
Keller Williams Landmark II
Listed By:
Cecilia Valentino AHWD GRI CBR CRS
Source:
Serhant
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 27 at 12:19AM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This mixed-use property combines a bar and tavern on the ground floor with additional basement space. The second floor contains a two-bedroom apartment, creating a residential component within the building. The property was built in 1973.
The building is located on Laurel Hill Boulevard in Woodside, Queens, with public transportation, major highways, and local amenities nearby.
The building is located on Laurel Hill Boulevard in Woodside, Queens, with public transportation, major highways, and local amenities nearby.
Key Highlights
- Ground‑floor bar and tavern with basement space
- Second‑floor apartment with two bedrooms
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,828
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,560
$2.2M
Cap Rate 7%
$1,568,971
$1.6M
Cap Rate 9%
$1,220,311
$1.2M
Market Conditions
NOI Build-Up for 2,373 SF
Gross rent
$156.6K $66.00/SF
− Vacancy
−$10.2K −$4.29/SF
EGI
$146.4K $61.71/SF
− OpEx
−$36.6K −$15.43/SF
NOI
$109.8K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,560
Cap Rate 7%
$1,568,971
Cap Rate 9%
$1,220,311
Alternative Uses
Best Use
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,828 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,458 @ 7.0% cap · market cap 9.60%
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
Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,659
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 35%
Groceries 15%
Electronics 13%
Bank of America
Shops & Services
17,011 visits/mo
0.4 miles
Starbucks
Dining
16,082 visits/mo
0.5 miles
White Castle
Dining
15,897 visits/mo
0.5 miles
Green Valley Marketplace
Groceries
11,410 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,070 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom apartment occupies the second floor above a bar and tavern with basement space.
Where is this mixed-use property located?
The property is located at 61-16 Laurel Hill Boulevard Woodside, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Ground‑floor bar and tavern with basement space; Second‑floor apartment with two bedrooms; Built in 1973
