3 Mixed-Use Properties | 100% Free Market With Significant Upside | High Vacancy | FOR SALE
$2,950,000
68-06, 68-08 and 68-10 Woodside Avenue, Queens, NY 11377
For Sale
Mixed Use
Active
Last Updated: 11/05/2024
3.52
Cap Rate
103,756
NOI
Details:
Cap Rate: 3.52%
NOI: $103,756
Pro Forma Cap Rate : 7.65%
Building Size: 6,400 sqft
Lot Area: 5,331 sqft
Units: 6
Price Per Sqft: $461
Price Per Unit: $491,667
Zoning: R5
Highlights:
- 3 Free Market Renovated 2 bedroom/ 1 bathroom apartments at below market rents
- 3 Retail Units on main corner of Woodside Ave and 69th Street
- 4 Vacant Parking Spots with dedicated driveway
- Vacant Warehouse/Storage space in the back of 68-10 Woodside Ave
- Two blocks away from the 7 Train subway stop on 69th Street and Roosevelt Ave & an 8 minute walk from the Woodside Train Station stop for the LIRR
- Easy access to the BQE and close proximity to Queens Blvd & Roosevelt Ave & Broadway
- Neighborhood has a great mix of residential and commercial
- Possible owner-user opportunity
Documents:
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Location
Gallery
