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26337072
26337071

4125 53rd Street, New York, NY 11377

One Stop Multiservice Inc
Listed by One Stop Multiservice Inc
$2,558,888
299 days on market
Updated 9 days ago

Solid income producing 12-family brick in Woodside

Details
APN 01316-0040
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,324
Net Rentable (SqFt) 6,324
Units 12
Cap Rate 6.67%
NOI $170,591
Occupancy 100%
Price per SqFt $405
Broker Co-Op Yes
Year Built 1928
Year Renovated 2022
Buildings 1
Stories 3
Acreage 0.057
Zoning R6
Investment Type Stabilized
Sale Condition 1031 exchange

Presenting solid 12 Family income producing asset in the heart of Woodside

Marketing description

Presenting solid income producing asset in the heart of Woodside This 12-family brick building is a rare opportunity to acquire a well-maintained, income-producing asset in one of Queens' most dynamic neighborhoods. Offering 6,324 square feet of living space, this property combines a strong rent-stabilized income stream with value-add potential through recent upgrades and ancillary storage rental income. Property Features & Condition Building Size: 6,324 sq ft of living area across 12 residential units, providing ample space. 9 of the 12 units have been recently renovated with modern kitchens, bathrooms, flooring, and energy-efficient windows, increasing tenant satisfaction and retention. The building features a brand new roof and boiler system, minimizing capital expenditures for the foreseeable future and ensuring reliable heating during cold months. On-site storage bins add a supplementary income stream, which is increasingly attractive in urban rental markets. Brick Construction: Classic durable brick exterior providing long-lasting structural integrity and aesthetic appeal. Updated electrical and plumbing systems in renovated units. The property is located within walking distance of the 7 train, offering a quick 12-minute commute into Midtown Manhattan-ideal for daily commuters and professionals. Tenants enjoy close proximity to a wide array of retail shops, cafes, restaurants, grocery stores, and services that make Woodside ia known location only minutes from the city with well-kept parks, making it . Close to all schools and has convenient access to healthcare facilities. 12 rent-stabilized units provide a reliable and predictable cash flow, insulated from extreme rent volatility. Storage units generate extra income, helping to boost overall returns. New roof and boiler reduce near-term capital expenses and maintenance risks. With 3 units not yet renovated, there's an opportunity to increase rents through further upgrades, subject to rent regulation. Strong Demand Market: Woodside continues to experience high rental demand driven by excellent transit access and neighborhood amenities. Seller is also selling an addition 8 units in Ridgewood as a package deal .

Investment highlights

INVESTMENT HIGHLIGHTS – 12-Family Woodside, Queens

Prime Transit Location

  • Located 1 block from the 7 Train, offering direct access to Manhattan

  • High-demand rental corridor with low vacancy

  • Walkable to retail, restaurants, and major transit lines

Strong Unit Mix

  • 12 Total Units

  • Mix of studios and one-bedroom apartments (approx. 550–650 sq. ft.)

  • Fully occupied with reliable tenants

Stabilized Cash Flow

  • Gross Income: $232,375

  • Net Operating Income (NOI): $170,591

  • Asking Price: $2,688,000

  • Cap Rate: 6.35%

  • Turnkey asset delivering day-one income

Value-Add Potential

  • Ability to modernize units over time

  • Opportunity to capitalize on Woodside’s rising rental market

  • Add storage/bike income if desired

Low Maintenance & Strong Condition

  • Clean, well-kept building with long-term upkeep

  • Stable tenancy reduces turnover and maintenance costs

High-Demand Submarket

  • Woodside is one of Queens’ most transit-accessible and sought-after neighborhoods

  • Consistently strong rental demand for studios and 1BR units

Portfolio Expansion Opportunity

  • Can be purchased individually or part of a package with:
    8-Family Ridgewood Building (NOI $149,632)

  • Combined Portfolio:
    20 Units – NOI: $319K+ – Package Cap Rate: 7.0%

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Listing Contacts

One Stop Multiservice Inc
Listed by One Stop Multiservice Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$170,591.00
$14,215.92/mo

Valuation Metrics

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DSCR
6.67%
Cap Rate
6.67%
ROI

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