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$ 2,588,888
Est. payment | /mo
12 Baths
6,324 SqFt
$ 2,588,888
Est. payment | /mo
12 Baths
6,324 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,324 sqft
Price per Sqft $409
MLS Listing ID 11737551
Full Baths 12
Year Built 1928
Annual Tax Amount $42,772
Lot Size 2,780 Sqft
Property Description
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.
Location
State NY
County 36081
Rooms
Basement Full
Dining Room 0
Kitchen 0
Exterior
Parking Features Attached
Building
Story 3
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS