39-26 65 St, Queens, NY 11377
This exceptional investment opportunity presents a three-family brick house situated on a 33x100 foot lot in Woodside, Queens, NY, complemented by an adjacent 20x100 foot vacant lot. The main building boasts 5,325 square feet and features three units across three stories. The second floor unit, currently rented for $2,700 per month, and the lower level unit, rented for $2,050 per month, both have leases expiring September 30, 2025. Each unit includes a kitchen, living room, dining room, and full bath. The second floor and lower level units also feature enclosed verandas. The third-floor unit is vacant. A two-car garage is located at the rear of the property. The adjacent vacant lot, currently used for parking, offers significant redevelopment potential with an R5D zoning designation and a FAR of 2. This prime location offers easy access to the #7 train, LIRR, supermarkets, schools, parks, gyms, and restaurants. The property is conveniently located near Roosevelt Avenue. This property presents a unique chance to acquire a multifamily property with substantial upside potential through both rental income and the development of the adjacent lot. The asking price is $2,850,000. The property is classified as Class B.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.