4021 69th ST Woodside, NY 11377
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 839589
Rental Info No
Year Built 2006
Annual Tax Amount $51,541
Lot Size 1,698 Sqft
Acres 0.039
Property Sub-Type Multi Family
Source onekey2
Property Description
This exceptional 5-family + basement + 1 commercial space property, built in 2006, offers a stable and profitable investment in a prime location. Spanning 4 floors with 6 units, the 4,160 sq. ft. building (20X51) sits on a 1,700 sq. ft. lot (20X85.03), making it a highly desirable asset.
Strategically located just a 2-minute walk from the 7 train and a 6-minute walk to the E/F train, this property ensures high demand from both residential and commercial tenants. The building is fully rented with reliable tenants who consistently pay on time (payment records available), and there are no lease restrictions, allowing for potential rent increases of 3%-5% every 1-2 years.
Currently generating a total monthly rental income of $12,656 and an annual income of $151,872, this property presents an excellent return on investment. Tenants cover electricity and gas, while the landlord is responsible for water, which costs approximately $570 per quarter.
Rental Income Breakdown:
• Ground Floor Commercial Space + Basement: $4,031/month
• 2nd Floor Front Studio: $1,350/month
• 2nd Floor Rear 1-Bed, 1-Bath: $1,725/month
• 3rd Floor Front Studio: $1,350/month
• 3rd Floor Rear 1-Bed, 1-Bath: $1,900/month
• 4th Floor Rear 3-Bed, 2-Bath: $2,300/month (Market Rent: $2,800-$3,000)
With transparent expenses and tax benefits, property taxes after deductions range from $37,000 to $40,000 per year.
The building is equipped with 5 electric meters and 5 gas meters, ensuring efficient utility management. Additionally, it features 6 gas burners and 6 hot water boilers, providing reliable heating and hot water supply.
Meticulously maintained, clean, and in excellent condition, this investment property offers stable returns in a high-demand location, making it a perfect opportunity for investors seeking long-term growth and profitability.
Location
State NY
County Queens
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Exhaust Fan, Gas Oven, Microwave, Oven, Refrigerator
Exterior
Parking Features On Street
Utilities Available Electricity Available
Building
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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