Listed by Lin Pan Realty
$9,580,000
4322 50th St
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 24,750
Cap Rate 5.32%
NOI $510,000
Occupancy 100%
Tenancy Multi
Price per SqFt $387
Class B
Year Built 1955
Year Renovated 2015
Buildings 1
Stories 3
Lot Size (SqFt) 8,260
Zoning R7A/C8-1
Parking Spaces spaces
Investment Type Owner/User
Sale Condition 1031 exchange
Office Building | 5.32% CAP | 24,750 SF
Marketing description
Lin Pan Realty is pleased to present a standout commercial investment opportunity: 4322 50th Street at Woodside. This robust two-story masonry office building combines immediate, stable income with significant future upside in one of Queens' most dynamic and accessible neighborhoods. Strategically positioned on a prominent corner lot, the property commands exceptional visibility and foot traffic. Its prime location is further amplified by direct adjacency to the Roosevelt Avenue corridor and the Subway 7 line, providing unparalleled access for tenants, clients, and future redevelopment.
Investment 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, with 8-9 years lease remaining, 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 (subject to approvals), 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.
Listing Contacts
Listed by Lin Pan Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$510,000.00
$42,500.00/mo
Valuation Metrics
0
DSCR
5.32%
Cap Rate
5.32%
ROI
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