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- LoopNet Team
5222 Roosevelt Ave
Woodside, NY 11377
New Corner Mixed Used Bldg. High Occupancy · Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Close to No 7 subway and Long Island Railroad stations
- Great traffic and top-notch visibility
- 175 Ft. of Wrap Around Frontage Including 40 Ft. of Frontage on Roosevelt Avenue
- Brand new corner mixed-used building with high grade building materials, plus elevator and lobby, ADA Compliant
- Great cashflow with long term commercial and residential tenants
- 30 Year ICAP Tax Abatement
EXECUTIVE SUMMARY
Introducing a stunning mixed used building in the heart of Woodside, New York, built in 2020 with high-grade building materials to ensure durability and longevity. With its exceptional location next to the 7 Subway line and proximity to the Woodside Long Island Railroad Station, this property offers excellent transportation options for tenants and customers alike. The building boasts 175 feet of wrap-around frontage, including 40 feet of frontage on Roosevelt Avenue, providing top-notch visibility and exposure for commercial tenants. Residential floors are all rented out. The ground floor offers spacious and flexible commercial space, leased to long-term tenants, generating reliable and steady monthly rental cashflow with high occupancy. Moreover, the space benefits from a 30-year ICAP abatement, providing significant tax savings for investors. The building is equipped with an elevator and lobby, providing easy access for residents and customers alike. Additionally, the property is ADA compliant, ensuring that all tenants and customers have equal access to the building. The upper floors feature a mix of spacious and luxurious residential units that offer modern amenities and breathtaking views of the surrounding neighborhood. The building offers a perfect combination of commercial and residential spaces, making it an ideal investment opportunity in one of the most sought-after neighborhoods in New York City. Sale price of $6,950,000 is for residential units. Commercial units on ground and second floors are for sale at additional price of $3,475,000 each. Contact us for more information
PROPERTY FACTS
| No. Units | 2 | Building Size | 8,369 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | Parking Ratio | 0.32/1,000 SF |
| Lot Size | 0.12 AC | APN / Parcel ID | 01321-1001 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 8,369 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2020 |
| Parking Ratio | 0.32/1,000 SF |
| APN / Parcel ID | 01321-1001 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
