Property Description

13,216 SF Mixed-Use Investment Property | 12 Units | 35-Year 421-a Tax Abatement-NY Space Finders is pleased to exclusively present a six-story, 13,216-square-foot mixed-use investment property located along the bustling Roosevelt Avenue commercial corridor in Woodside, Queens.Constructed in 2017, this income-producing asset consists of 9 residential apartments and 3 commercial units, offering investors a diversified income stream from residential and commercial tenants.The property generates approximately $520,362 in annual gross rental income, with an estimated net operating income of $448,991. Benefiting from a 35-year 421-a tax abatement that commenced in 2023, the property offers reduced real estate tax expenses and attractive cash flow.The residential component features modern apartments with contemporary finishes, updated kitchens, stainless steel appliances, and attractive layouts. The commercial component totals approximately 3,897 square feet and includes medical, wellness, and professional service tenants.Conveniently situated along Roosevelt Avenue, the property benefits from proximity to the 7 subway line, neighborhood retail, restaurants, and established residential communities, providing excellent accessibility to Manhattan and throughout Queens.*Investment Highlights:-13,216 SF six-story mixed-use building.-12 total units: 9 residential and 3 commercial.-Constructed in 2017.-Annual gross rental income: $520,362Estimated NOI: $448,991-35-year 421-a tax abatement commencing in 2023-Approximately 3,897 SF of commercial space.-Modern residential finishes.-Tenants responsible for heating expenses.-Convenient access to the 7 subway line.-Prime Roosevelt Avenue location in Woodside, Queens.An excellent opportunity to acquire a modern, cash-flowing mixed-use investment property with diversified income and long-term tax benefits in one of Queens' established residential and commercial corridors.Featured Commercial Sales.

Property Features

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