4322 50th St 29,197 SF 100% Leased Office Building Flushing, NY 11377 $9,999,000 ($342.47/SF) 4.87% Cap Rate

A prime commercial office building offering a rare blend of stable income and future upside in the heart of Woodside. This substantial two-story masonry building, with approximately 25,000 square feet and 19 indoor parking spaces, is strategically positioned on a highly visible corner directly adjacent to the Roosevelt Avenue corridor and the 7 Subway line. Currently generating reliable cash flow from a diversified roster of long-term tenants—including a bank, medical offices, CPA firms, and government boards—it represents an ideal asset for a 1031 exchange.
Beyond its solid current performance, the property’s R7/C8-1 zoning unlocks significant development potential for future value creation. This is a cornerstone investment where excellent street presence, transit access, and stable occupancy converge with a clear path for repositioning and growth, a strategic opportunity for the smart investor.
Property Highlights:
Substantial Scale & Income: Features approximately 25,000 square feet of building area, anchored by a diversified mix of long-term, creditworthy tenants including a bank, medical offices, CPA firms, and government boards, ensuring reliable cash flow.
Premium On-Site Amenities: Includes 19 indoor parking spaces, a coveted amenity that adds substantial value and convenience.
Prime Development Potential: Zoned R7/C8-1, this site offers exciting future flexibility for value-add repositioning or potential vertical expansion, allowing an investor to shape its next chapter.
Ideal Investment Vehicle: Positioned perfectly for a 1031 exchange, this asset delivers the dual advantage of solid current income and a clear path to accelerated future returns.
Seize this rare opportunity to acquire a cornerstone asset in Woodside. This is more than a building—it's a strategic investment poised for stability and growth.