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    48-46 46Th St Woodside, NY 11377

    Sponsored
    For Sale
    $2,999,999

    Fully occupied, rent-stabilized multi-tenant office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, rent-stabilized multi-tenant office building located at 48-46 46 Street in Woodside, New York, 11377. The property is listed at $2,999,999 and boasts a strong 4.80% capitalization rate. The building is classified as Class C and features a modified lease type. Currently operating at 100% occupancy, this twelve-unit building provides a stable and consistent income stream. Each tenant is responsible for their own cooking gas and electricity, minimizing operational expenses for the owner. The building's location in Woodside, New York offers convenient access to transportation and local amenities. This is an ideal acquisition for investors seeking a reliable, high-occupancy property with a proven track record of generating positive cash flow. The rent-stabilized nature of the tenancies provides long-term stability and predictable income. The square footage is currently unavailable. This presents a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location. Serious inquiries only.

    Property Features for 48-46 46Th St

    General Information

    Property type
    Office Properties & Spaces
    Class
    C

    HighLights

    • $2,999,999 asking price.
    • Class C, multi‑tenant office building.
    • Modified lease terms.
    • 100% occupancy.
    • Rent‑stabilized, 12 units.
    • Tenants pay utilities (gas and electric).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodside
    County
    36081
    State
    New York
    Longitude
    -73.921133
    Latitude
    40.7389838

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    FAQs

    What type of property is this?
    Office Property / Space - Fully occupied, rent-stabilized multi-tenant office.
    Where is this office property / space located?
    The property is located at 48-46 46Th St Woodside, NY.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: $2,999,999 asking price.; Class C, multi-tenant office building.; Modified lease terms.
    Request Owner's contact information
    48-46 46Th St Woodside, NY 11377
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    Woodside, NY 11377
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    Realmo Value Estimation

    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.

    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.

    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
    48-46 46Th St Woodside, NY 11377
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