5206 Roosevelt AveWoodside, NY 11377

Property Details for 5206 Roosevelt Ave

Year built

2004

Lot size

0.05 AC

Property size (Sq ft)

4,480 SF

Zone code

R6

Property type

Apartment buildings

APN

01321-0055

APU

13210055

Description

This exceptional five-family brick building in Woodside, NY, presents a lucrative investment opportunity. The property, situated at 5206 Roosevelt Avenue, boasts a substantial 4,480 square feet of living space spread across four floors, plus a full finished walk-out basement. The building dimensions are 20 feet by 56 feet, situated on a 2,131 square foot lot. The layout includes a diverse mix of units: the first floor offers a two-bedroom, two-bathroom unit with high conversion potential for commercial use, such as a store or office. The second and third floors each feature three-bedroom, two-bathroom units, while the fourth floor comprises two separate one-bedroom, one-bathroom units. The finished basement provides significant additional space and convenient backyard access. The property is equipped with five individual boilers and five individual heaters, ensuring efficient and independent climate control for each unit. Its prime location on Roosevelt Avenue offers unparalleled convenience, with proximity to an array of shops, restaurants, parks, and schools. Excellent public transportation is readily available, including the 7 train, LIRR access, and numerous bus routes. Manhattan is just a 15-minute commute away, making this property ideal for both residential and commercial ventures. The property also features a separate hot water heater. This is a rare opportunity to acquire a well-maintained, high-potential multifamily building in a highly desirable and rapidly developing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $918,440

  6.5%

  $847,791

  7%

  $787,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $907,303

  Geo Method

  $907,303

• Alternative Use

  Use

  Valuation

  Residential

  $847,791

  Hospitality

  $776,572

  Educational

  $646,099

  Medical

  $668,319

  Retail

  $1,005,043

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.744

Longitude

-73.9122

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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