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32204128
32204146

41-25 53st, woodside, NY 11377

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

41-25 53st

Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 6,324
Net Rentable (SqFt) 6,324
Cap Rate 6.33%
NOI $161,896
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 7.34%
Pro-Forma NOI $187,708
Price per SqFt $405
Class B
Year Built 1928
Year Renovated 2020
Buildings 1
Lot Size (SqFt) 2,780
Zoning R6
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

Prime Queens Multifamily Asset | 12 Units + Storage Income

Marketing description

Presenting solid income producing asset in the heart of Woodside

Rare opportunity to acquire a well-maintained 12-unit brick multifamily building in the heart of Woodside - one of Queens' most dynamic and high-demand rental markets. This income-producing asset offers approximately 6,324 square feet of residential living space and combines stable rent-stabilized cash flow with significant long-term upside potential. The property features 12 residential units, with 7 of the 12 apartments recently renovated with modern kitchens, updated bathrooms, new flooring, and energy-efficient windows designed to enhance tenant satisfaction and retention. The building has also undergone major capital improvements including a brand-new roof and boiler system, helping minimize future maintenance costs and providing peace of mind for investors. Additional income is generated through on-site storage bins, creating an attractive ancillary revenue stream. The classic brick construction offers durability, low maintenance, and timeless curb appeal. Several units also feature updated electrical and plumbing systems. Ideally situated within walking distance to the 7 Train, the property offers approximately a 12-minute commute to Midtown Manhattan, making it highly desirable for commuters and long-term tenants alike. Residents enjoy immediate access to shopping, supermarkets, restaurants, cafes, parks, schools, and all neighborhood amenities that continue to make Woodside one of the most sought-after communities in Queens. Investment Highlights: • 12 Residential Units • Approx. 6,324 Sq. Ft. • 7 Recently Renovated Apartments • New Roof & Boiler • Additional Storage Income • Strong Rent-Stabilized Cash Flow • Prime Transit-Oriented Location • Walking Distance to 7 Train • Excellent Long-Term Appreciation Potential Value-Add Opportunity: With 5 units remaining to be updated, investors have the opportunity to further increase rental income through future renovations, subject to applicable rent stabilization guidelines. Package Deal Opportunity: Seller is also offering an additional 8-unit multifamily property located at 6119 Madison St in Ridgewood. Combined, both assets create a rare 20-unit Queens multifamily portfolio opportunity ideal for investors seeking scale, stable income, and long-term growth potential in two of NYC's strongest rental markets.

Investment highlights

Prime Woodside location in one of Queens’ strongest rental markets

Well-maintained 12-unit brick multifamily building

Strong in-place cash flow with stable long-term tenancy

Approximate NOI: $161,896 annually

Attractive cap rate opportunity for investors seeking stable returns

Located minutes from the 7 train with quick access to Manhattan

High rental demand driven by transportation, shopping, and employment centers

New boiler and recently updated roof

Additional income generated from on-site storage units

Separately metered units helping reduce owner expenses

Consistent occupancy history in a supply-constrained market

Opportunity for future rental growth and operational upside

Excellent long-term appreciation potential in rapidly growing Queens market

Close proximity to major highways, restaurants, schools, and retail corridors

Ideal asset for 1031 exchange buyers seeking stable multifamily investments

Strong neighborhood demographics and continued residential demand

Turnkey investment opportunity with immediate income production

Low-maintenance brick construction

Proven multifamily asset in a highly desirable transit-oriented location

Approximately 12 minutes to Midtown Manhattan via public transportation

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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
$161,896.00
$13,491.33/mo

Valuation Metrics

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DSCR
6.33%
Cap Rate
6.33%
ROI

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