61-20 Woodside Ave Queens, NY 11377
- Retail properties
- 12,033 SF
Current Use by Public Records
- Elizabeth Schoenfeld / Social Worker
Property Details for 61-20 Woodside Ave
- Property size
- 12,033 SF
- Property type
- Retail properties
Description
This exceptional retail condominium, located at 61-20 Woodside Avenue in Queens, New York, presents a compelling investment opportunity. Priced at $3,200,000, this 12,033 square foot property boasts a desirable price per square foot of $265.94 and offers a 6.0% cap rate. The property consists of two units and is currently fully leased, generating immediate cash flow, making it an ideal 1031 exchange property. A strong tenant, operating three neighborhood locations, occupies the space, ensuring consistent income. The building features separate commercial and retail entrances, catering to diverse business needs. Its strategic location offers unparalleled convenience, situated approximately 200 feet from the 61st Avenue 7-train station and the Woodside Long Island Rail Road (LIRR) station. Furthermore, its proximity to major roadways, including Roosevelt Avenue, Queens Boulevard, and Northern Boulevard, as well as the Brooklyn Queens Expressway and Long Island Expressway, ensures excellent accessibility. This property represents a rare opportunity to acquire a high-performing, fully leased retail condo in a thriving Queens neighborhood. The zip code is 11377. The property is in Queens County, New York.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9028
- Latitude
- 40.7445
