4322 50th St 24,750 SF Vacant Office Building Woodside, NY 11377 $9,580,000 ($387.07/SF) 5.32% 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.
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.