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The Roosevelt 40-07 73rd St 31 Unit Apartment Building $26,000,000 ($838,710/Unit) 6.09% Cap Rate Woodside, NY 11377
Executive Summary
• Six-story corner Mixed-use Condo Building
• 2010 construction, approx. 56,780 square foot building (43,118 SF above grade)
• 97% occupied and cash-flowing, ideal 1031 exchange property
• 421-A and ICIP Tax Abatements in place with 10-11 remaining years
• Prime Woodside location, steps to the Roosevelt Ave-74th St transit hub
• 2010 construction, approx. 56,780 square foot building (43,118 SF above grade)
• 97% occupied and cash-flowing, ideal 1031 exchange property
• 421-A and ICIP Tax Abatements in place with 10-11 remaining years
• Prime Woodside location, steps to the Roosevelt Ave-74th St transit hub
Property Facts
| Price | $26,000,000 | Building Class | B |
| Price Per Unit | $838,710 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 48,916 SF |
| Cap Rate | 6.09% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2010 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $26,000,000 |
| Price Per Unit | $838,710 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 48,916 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2010 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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The Roosevelt | 40-07 73rd St
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