Renovated Retail-Office
For Sale
Contact for pricing
67-05 Roosevelt Avenue, Woodside, NY 11377
Fully renovated building with storefront, office space, and basement, plus rear yard parking for several vehicles.
Property Size2,489 SF
Price / SF$700.28
Days on Market62
Property Features for 67-05 Roosevelt Avenue
General Information
Standard status
Active
Size
2,489 SF
Total Parking Spaces
4
Property subtype
Land
Zoning
R6, R5D, C1-4
Building Details
Year Built
1931
Stories
2
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 9 at 2:36PM
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 NY SUPERIOR REALTY
Investment Insights
Based on property information with market context.
This fully renovated commercial building is delivered completely vacant and designed for flexible use across multiple levels. The first floor offers a storefront and office space, while the second floor provides open office space. A finished basement includes an open room and a half bath. Recent improvements include a new boiler, roof, flooring, and a complete interior and exterior renovation.
Located on Roosevelt Avenue in Woodside, the property is positioned for visibility and everyday accessibility. It is close to public transportation options including the 7 train and LIRR, and is surrounded by shops, restaurants, and neighborhood businesses.
The building’s multi-level layout can support an owner-user that wants retail and office space in one facility, or an operator seeking a straightforward configuration for mixed business needs. Off-street convenience is also a practical feature, with a large backyard and parking for approximately 3–4 vehicles accessible through the rear of the property. Zoning is listed as R6, R5D, and C1-4; buyers are encouraged to independently verify all information.
Located on Roosevelt Avenue in Woodside, the property is positioned for visibility and everyday accessibility. It is close to public transportation options including the 7 train and LIRR, and is surrounded by shops, restaurants, and neighborhood businesses.
The building’s multi-level layout can support an owner-user that wants retail and office space in one facility, or an operator seeking a straightforward configuration for mixed business needs. Off-street convenience is also a practical feature, with a large backyard and parking for approximately 3–4 vehicles accessible through the rear of the property. Zoning is listed as R6, R5D, and C1-4; buyers are encouraged to independently verify all information.
Key Highlights
- Fully renovated commercial building built in 1931 with storefront/office, second‑floor open office, and finished basement
- Recent updates include a new boiler, roof, flooring, and complete interior and exterior renovation
- Delivered completely vacant with flexible layout across first floor, second floor, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,638,940
$1.6M
Cap Rate 7%
$1,170,671
$1.2M
Cap Rate 9%
$910,522
$910.5K
Market Conditions
NOI Build-Up for 2,489 SF
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.
Gross rent
$125.4K $50.40/SF
− Vacancy
−$16.2K −$6.50/SF
EGI
$109.3K $43.90/SF
− OpEx
−$27.3K −$10.97/SF
NOI
$81.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,638,940
Cap Rate 7%
$1,170,671
Cap Rate 9%
$910,522
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.37M
NOI $81,947 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$634.7K
$555.4K – $740.5K
NOI $44,429 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.83M
$1.61M – $2.14M
NOI $128,444 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,571
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully renovated building with storefront, office space, and basement, plus rear yard parking for several vehicles.
Where is this office building located?
The property is located at 67-05 Roosevelt Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,743,000.
What are key features of this property?
This property features: Fully renovated commercial building built in 1931 with storefront/office, second‑floor open office, and finished basement; Recent updates include a new boiler, roof, flooring, and complete interior and exterior renovation; Delivered completely vacant with flexible layout across first floor, second floor, and basement
