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About the Listing ONST01 - 105283
Presenting solid income producing asset in the heart of Woodside This 12-family brick building is a rare opportunity to acquire a well-maintained, income-producing asset in one of Queens' most dynamic neighborhoods. Offering 6,324 square feet of living space, this property combines a strong rent-stabilized income stream with value-add potential through recent upgrades and ancillary storage rental income. Property Features & Condition Building Size: 6,324 sq ft of living area across 12 residential units, providing ample space. 9 of the 12 units have been recently renovated with modern kitchens, bathrooms, flooring, and energy-efficient windows, increasing tenant satisfaction and retention. The building features a brand new roof and boiler system, minimizing capital expenditures for the foreseeable future and ensuring reliable heating during cold months. On-site storage bins add a supplementary income stream, which is increasingly attractive in urban rental markets. Brick Construction: Classic durable brick exterior providing long-lasting structural integrity and aesthetic appeal. Updated electrical and plumbing systems in renovated units. The property is located within walking distance of the 7 train, offering a quick 12-minute commute into Midtown Manhattan-ideal for daily commuters and professionals. Tenants enjoy close proximity to a wide array of retail shops, cafes, restaurants, grocery stores, and services that make Woodside ia known location only minutes from the city with well-kept parks, making it . Close to all schools and has convenient access to healthcare facilities. 12 rent-stabilized units provide a reliable and predictable cash flow, insulated from extreme rent volatility. Storage units generate extra income, helping to boost overall returns. New roof and boiler reduce near-term capital expenses and maintenance risks. With 3 units not yet renovated, there's an opportunity to increase rents through further upgrades, subject to rent regulation. Strong Demand Market: Woodside continues to experience high rental demand driven by excellent transit access and neighborhood amenities. Seller is also selling an addition 8 units in Ridgewood as a package deal .
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Gas Range, Refrigerator, Stainless Steel Appliance(s)
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard,Views,No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: Updated/Remodeled,Renovated
- Sewer: Public Sewer
Financial Details
- Tax Amount: $41,857
- Taxes w/Assessments: N/A
- Tax/Property ID: 01316-0040
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4125 53rd St Woodside, NY 11377
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