Active

52-22 Roosevelt Avenue

Woodside NY, 11377

$12,221,440


Active

Commercial

Built in 2020

Note: Taxes Are BEFORE Abatements and STAR. The Community Center & Commercial Unit Can Each Be Marketed & Sold Separately For $3.5M each.Calling All Investors, Developers & End-Users!!! Brand New Corner 24,500 Sqft. Mixed-Use Building For Sale!!! The Building Features Excellent Signage, Great Exposure, 10 Apartments, Community Center, 6 Parking Spaces, High 15' Ceilings, All New LED Lighting, Motion Sensor Lights, Turf Field, 2 Elevators, Sprinklers, Lobby, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Woodside At The Intersection Of Roosevelt Avenue & 53rd St. Just Minutes From The Woodside LIRR Station!!! This Class A Building Was Built In 2022 With All The Amenities You Could Want!!! Neighbors Include Starbucks, Cadillac, GMC, Buick, UPS, FedEx, U-Haul, P.C. Richard & Son, The Home Depot, Uber, Staples, 7-Eleven, Dewalt, Walgreens, Blink Fitness, Mattress Firm, McDonald's, Dollar Tree, White Castle, Wendy's, KFC, +++!!! The Building Has 175+ Feet Of Wrap-Around Frontage, 40 Ft. Of Which Is On Roosevelt Ave.!!! The Property Has A 25 Year ICAP Tax Abatement!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: 1st Floor: Smilist Dentist (3,100 Sqft.): $156,000 Ann. NNN; Lease Exp. 7/31/28 + (2) 5 Year Options; 2.5% Ann. Inc. 2nd Floor: Day Care (4,700 Sqft.): $156,000 Ann. NNN; Lease Exp. 7/31/28; 3% Ann. Inc. LL: (2,000 Sqft.) 15' Ceilings; Vanilla Box; $48,000 Ann. (Available) Apt. 3A (908 Sqft.): $30,600 Ann. Apt. 3B (730 Sqft.): $29,772 Ann.; Lease Exp. 3/31/24. Apt. 3C (730 Sqft.): $34,200 Ann. Apt. 3D (780 Sqft. + 925 Sqft. Terrace): $33,252 Ann.; Lease Exp. 8/31/24. Apt. 4A (680 Sqft. + 275 Sqft. Terrace): $35,200 Ann. Super (730 Sqft.): $15,000 Ann. Apt. 4C (730 Sqft.): $29,400 Ann. Apt. 4D (780 Sqft.): $33,252 Ann. Lease Exp. 10/31/24 Apt. 5A (778 Sqft. + 613 Sqft. Terrace): $45,000 Ann. Apt. 5B (966 Sqft. + 406 Sqft. Terrace): $37,800 Ann. Expenses: Gas: $0 Electric: $1,180 Ann. (Common Area Only) Maintenance & Repairs: $2,000 Ann. Insurance: $6,000 Ann. Trash: $0 Ann. Water: $3,200 Ann. Taxes: $23,000 Ann. Total Expenses: $35,380 Ann. Current Gross Income: $635,076 Ann. Pro Forma Gross Income: $683,476 Ann. Current NOI: $599,696 Ann. (4.32 Cap!!!) Projected NOI: $648,096 Ann.

3494245

MLS ID

July 27, 2023

Listed

November 10, 2023

Updated

Map

52-22 Roosevelt Avenue
Woodside NY, 11377

Interior Features

Total Stories

5


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.12 acres


Sewer

Public Sewer

Other Property Details

Taxes

$114,588


Tax Frequency

Annually


Garage

No


Parking

No


View

No


County

Queens


Pool

No

Listing History

Date

Event

Price

8/25/2023

Price Change

$12,221,440

-12%

 

Courtesy of All Island Estates Realty Corp

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Seabelo Chabo John shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 OneKey MLS. All rights reserved.    

Data last updated 7:16 AM UTC, 11/10/2023

  

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