Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Woodside Commercial Space For Rent Title is generated by Realmo AI

    69-40 Garfield Avenue, Woodside, NY 11377

    View on Map
    Claim this Listing
    New
    For Lease
    $6,700/Mo $34 SF/Yr (calc)

    COMMERCIAL - Woodside, NY

    Property size:
    2,300 SF
    Added:
    May 13, 2026
    Days on Market:
    4
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 69-40 Garfield Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    M1-1
    Standard status
    Active
    APN
    02439-0031
    Size
    2,300 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12926

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Yi Cheng

    Listing agent Yi Cheng

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date May 13, 2026

    MLS# 999397

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient transportation access near Queens Boulevard and I‑278 Expressway.
    • High ceiling height of approximately 22 feet.
    • Large space of approximately 2,300 SF.
    • Suitable for a variety of uses (storage, e‑commerce, light manufacturing, logistics, studio/workspace).
    • Includes 2 private offices.
    • Zoning: M1‑1.

    Overview

    Located near Queens Boulevard and the I-278 Expressway, this commercial space in Woodside, NY, offers convenient transportation access. The property features approximately 2,300 square feet of space with a ceiling height of about 22 feet. It includes 2 private offices. Zoned M1-1, the space is suitable for a variety of uses, including storage, e-commerce, light manufacturing, logistics, and studio or workspace. Tenant is responsible for property taxes, which are approximately $1,077 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lanna Shipping Freight Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lhasa Fresh Food — 81-09 41st Ave, Queens, NY 11373
    • high draw value inc — 5317 62nd St, Maspeth, NY 11378
    • Maria Bonita Catering — 53-21 Roosevelt Ave, Queens, NY 11377
    • Imperial Waiters Staffing — 3901 63rd St, Woodside, NY 11377

    Location Insight

    • Map
    • Local Demand
    City
    Woodside
    County
    Queens
    State
    New York
    Longitude
    -73.898419
    Latitude
    40.735974

    Nearby Similar for Lease

    • $3,600/Mo

      Woodside Retail Space For Rent

      Ground-floor retail space in residential corridor with high visibility.
      43-25 52nd Street, Woodside, NY 11377
      View Details
    • $6,999/Mo

      Woodside Commercial Space For Rent

      Prime Woodside location near transportation and CitiField.
      58-15 Woodside Avenue, Woodside, NY 11377
      View Details
    • $4,500/Mo
      800 SF

      Woodside Retail/Office Space Available

      800 sq ft Woodside retail or office space for rent.
      6705 Woodside Avenue, Woodside, NY 11377
      View Details
    • $4,200/Mo

      Renovated Retail Space Near Train

      Prime Woodside retail space, renovated, near 7 train.
      4711 47th Avenue, Woodside, NY 11377
      View Details
    • $7,500/Mo
      1,800 SF

      Medical Office Space in Woodside

      Medical office space for lease in Sunnyside/Woodside area.
      4705 44th Street, Woodside, NY 11377
      View Details
    • $31 SF/Yr
      5,197 SF

      Woodside Office Space Available Now

      Premium office space for lease in Woodside's thriving commercial district.
      43-20 52nd Street, Woodside, NY 11377
      View Details
    • $39 SF/Yr
      3,010 SF

      Prime Retail Space in Woodside

      Exceptional ground-floor retail space in a high-traffic location.
      43-20 52nd Street, Woodside, NY 11377
      View Details
    • $3,150/Mo

      Retail Space in Woodside, NY

      Commercial space suitable for various businesses in Woodside, NY.
      56-18 Woodside Avenue, Woodside, NY 11377
      View Details
    • $12,000/Mo

      Woodside Commercial Space For Rent

      Commercial space with classrooms and bathrooms, suitable for tutoring.
      73-02 Woodside Avenue, Woodside, NY 11377
      View Details
    • $4,000/Mo
      1,200 SF

      Renovated Retail Space Near Subway

      Recently renovated 1,200 SF retail space with high visibility.
      65-27 Roosevelt Ave, Woodside, NY
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space Available for Rent

      Retail space available for lease in Woodside, Queens.
      60-52 Queens Boulevard, Woodside, NY, 11377
      View Details
    • Contact for pricing
      8,532 SF

      Retail Space in Woodside, NY

      Retail property available for rent in Woodside, New York.
      45-7 45th St, Woodside, NY
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,300 SF commercial space in Woodside, suitable for various uses.
    Where is this flex space located?
    The property is located at 69-40 Garfield Avenue Woodside, NY.
    What is the lease rate?
    The lease rate is $6,700 /Mo.
    What are key features of this property?
    This property features: Convenient transportation access near Queens Boulevard and I‑278 Expressway.; High ceiling height of approximately 22 feet.; Large space of approximately 2,300 SF.
    (646) 712-9996
    We can help!
    Listing Contact
    Yi Cheng
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    69-40 Garfield Avenue, Woodside, NY 11377
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!