Renovated Mixed-Use
For Sale
$1,598,000
67-05 Roosevelt Avenue, Woodside, NY 11377
Vacant commercial property with storefront, open offices, finished basement, and rear parking.
Property Size2,412 SF
Days on Market62
Property Features for 67-05 Roosevelt Avenue
General Information
Standard status
Active
Size
2,412 SF
Total Parking Spaces
4
Property subtype
Mixed Use
Zoning
R6, R5D, C1-4
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$37,813
Amenities
large backyard
Building Details
Building Size
2,412 SF
Year Built
1931
Buildings
1
Tenancy
Single
Listing Agency:
NY Superior Realty
(718) 205-7770
Listed By:
Nora E. Avalos
Source:
Serhant
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 10 at 9:51AM
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 mixed-use building is delivered completely vacant and includes a first-floor storefront/office space, a second-floor open office space, and a finished basement with an open room and half bath. Recent improvements include a new boiler, roof, flooring, and complete interior and exterior renovation. The property also includes a large backyard with parking for approximately 3-4 vehicles and rear access through the driveway between 65-10 38th Avenue.
Located at 67-05 Roosevelt Avenue in Woodside, the property is close to the 7 train, LIRR, shops, restaurants, and neighborhood businesses. Zoning includes R6, R5D, and C1-4. The building was constructed in 1931.
Located at 67-05 Roosevelt Avenue in Woodside, the property is close to the 7 train, LIRR, shops, restaurants, and neighborhood businesses. Zoning includes R6, R5D, and C1-4. The building was constructed in 1931.
Key Highlights
- Fully renovated interior and exterior commercial building
- First‑floor storefront/office, second‑floor open office, and finished basement with half bath
- Delivered completely vacant
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
$79,412
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
4.97%
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%
$1,588,240
$1.6M
Cap Rate 7%
$1,134,457
$1.1M
Cap Rate 9%
$882,356
$882.4K
Market Conditions
NOI Build-Up for 2,412 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
$121.6K $50.40/SF
− Vacancy
−$15.7K −$6.50/SF
EGI
$105.9K $43.90/SF
− OpEx
−$26.5K −$10.97/SF
NOI
$79.4K $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%
$1,588,240
Cap Rate 7%
$1,134,457
Cap Rate 9%
$882,356
Alternative Uses
Best Use
Office B
$1.13M
$992.7K – $1.32M
NOI $79,412 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$615.1K
$538.2K – $717.6K
NOI $43,054 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,471 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
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?
Mixed-use property - Vacant commercial property with storefront, open offices, finished basement, and rear parking.
Where is this mixed-use property located?
The property is located at 67-05 Roosevelt Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Fully renovated interior and exterior commercial building; First‑floor storefront/office, second‑floor open office, and finished basement with half bath; Delivered completely vacant
