61-20 Woodside AveQueens, NY 11377

Property Details for 61-20 Woodside Ave

Property size (Sq ft)

12,033 SF

Property type

Retail properties

Description

This exceptional retail condominium, located at 61-20 Woodside Avenue in Queens, New York, presents a compelling investment opportunity. Priced at $3,200,000, this 12,033 square foot property boasts a desirable price per square foot of $265.94 and offers a 6.0% cap rate. The property consists of two units and is currently fully leased, generating immediate cash flow, making it an ideal 1031 exchange property. A strong tenant, operating three neighborhood locations, occupies the space, ensuring consistent income. The building features separate commercial and retail entrances, catering to diverse business needs. Its strategic location offers unparalleled convenience, situated approximately 200 feet from the 61st Avenue 7-train station and the Woodside Long Island Rail Road (LIRR) station. Furthermore, its proximity to major roadways, including Roosevelt Avenue, Queens Boulevard, and Northern Boulevard, as well as the Brooklyn Queens Expressway and Long Island Expressway, ensures excellent accessibility. This property represents a rare opportunity to acquire a high-performing, fully leased retail condo in a thriving Queens neighborhood. The zip code is 11377. The property is in Queens County, New York.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7445

Longitude

-73.9028

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