54-07 Roosevelt Avenue, Queens, NY 11377

Cushman & Wakefield is pleased to present to market The Sophie, located at 54-07 Roosevelt Avenue, a boutique three-story mixed-use building located in the vibrant Woodside neighborhood of Queens. The property comprises four residential units and one commercial unit, totaling approximately 4,216 gross square feet (17' x 62') on a 1,216 square foot lot (19' x 64'), and benefits from a low tax burden of $7,888 for tax year 2026/2027 — further protected by its Tax Class 1 designation, which caps assessed value increases at 6% annually and 20% over any five-year period, providing ownership with a meaningful, long-term shield against rising tax exposure.

The residential units feature elegant condo-quality finishes with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms — offering a boutique luxury loft aesthetic rarely found in this submarket. The unit mix consists of two studios and two one-bedroom, one-bathroom apartments, catering to the neighborhood's strong commuter demand.

The ground-floor commercial space is occupied by Blu Point Health, a medical care and wellness services tenant, paying currently paying $5,665 in monthly base rent (at fixed annual increases) plus property tax recoveries equal to 50% of the increase over the 2024/2025 base year. The lease runs through January 2034, providing ownership with a long-term, stable income anchor.

The property's positioning along Roosevelt Avenue places it steps from the 52nd Street station serving the 7 train, offering residents direct and seamless access to Midtown Manhattan. Woodside is one of Queens' most well-connected and sought-after residential neighborhoods, characterized by tree-lined blocks, a thriving local dining and retail scene, and a strong sense of community that continues to attract a diverse and growing renter base. The Property also stands to benefit from its location within the heart of Western Queens, where several of New York City's most significant redevelopment initiatives are underway or planned, including the recently approved OneLIC Neighborhood Plan, the transformative redevelopment of Willets Point, and the long-term vision for Sunnyside Yards, a potential $21 billion mixed-use neighborhood planned above the adjacent Amtrak rail yard.

This offering represents a rare opportunity to acquire a fully occupied, income-producing boutique asset with luxury residential finishes and a long-term commercial anchor in one of Queens' most dynamic neighborhoods.