Three-Family Income
For Sale
$1,499,000
Pending
73-07 Woodside Ave, Queens, NY 11377
Well-maintained legal 3-family with recent bathroom and kitchen updates, plus a new rubber roof.
Property Size3,205 SF
Days on Market102
Property Features for 73-07 Woodside Ave
General Information
Standard status
Pending
Size
3,205 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,191
Building Details
Building Size
3,205 SF
Year Built
1945
Units
3
Listing Agency:
Oversouth LLC
Listed By:
Mathias Coni
(516) 587-3283
Source:
Elliman
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 16 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 Oversouth LLC
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Investment Insights
Based on property information with market context.
This well-maintained legal three-family property offers three separate apartments within a single residential income building. Recent updates include a renovated bathroom, an updated kitchen in the third-floor unit, and a new rubber roof installed in April 2026. The third-floor unit also has dedicated solar panels servicing that unit.
The property is located on Woodside Avenue in Queens. The public remarks describe convenience to major transportation and local daily amenities, and note it is situated between the BQE and Roosevelt Avenue.
For tenants and investors, this configuration provides a straightforward three-unit income setup with documented recent improvements.
The property is located on Woodside Avenue in Queens. The public remarks describe convenience to major transportation and local daily amenities, and note it is situated between the BQE and Roosevelt Avenue.
For tenants and investors, this configuration provides a straightforward three-unit income setup with documented recent improvements.
Key Highlights
- Legal 3‑family property built in 1945.
- New rubber roof installed April 2026.
- Recent updates include a renovated bathroom and an updated kitchen in the third‑floor unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,344
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,880
$1.6M
Cap Rate 7%
$1,119,200
$1.1M
Cap Rate 9%
$870,489
$870.5K
Market Conditions
NOI Build-Up for 3,205 SF
Gross rent
$148.1K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$142.4K $44.44/SF
− OpEx
−$64.1K −$20.00/SF
NOI
$78.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,880
Cap Rate 7%
$1,119,200
Cap Rate 9%
$870,489
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$979.3K – $1.31M
NOI $78,344 @ 7.0% cap · market cap 5.23%
Second Best
Multifamily LT 5
$757.8K
$663.1K – $884.1K
NOI $53,048 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,393 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,612
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained legal 3-family with recent bathroom and kitchen updates, plus a new rubber roof.
Where is this triplex located?
The property is located at 73-07 Woodside Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Legal 3‑family property built in 1945.; New rubber roof installed April 2026.; Recent updates include a renovated bathroom and an updated kitchen in the third‑floor unit.
