52-22 Roosevelt Avenue

Woodside, NY 11377

Note: Taxes Are BEFORE Abatements and STAR. The Community Center & Commercial Unit Can Each Be Marketed & Sold Separately For $3.5M each.Calling All Investors, Developers & End-Users!!! Brand New Corner 24, 500 Sqft. Mixed-Use Building For Sale!!! The Building Features Excellent Signage, Great Exposure, 10 Apartments, Community Center, 6 Parking Spaces, High 15' Ceilings, All New LED Lighting, Motion Sensor Lights, Turf Field, 2 Elevators, Sprinklers, Lobby, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Woodside At The Intersection Of Roosevelt Avenue & 53rd St. Just Minutes From The Woodside LIRR Station!!! This Class A Building Was Built In 2022 With All The Amenities You Could Want!!! Neighbors Include Starbucks, Cadillac, GMC, Buick, UPS, FedEx, U-Haul, P.C. Richard & Son, The Home Depot, Uber, Staples, 7-Eleven, Dewalt, Walgreens, Blink Fitness, Mattress Firm, McDonald's, Dollar Tree, White Castle, Wendy's, KFC, +++!!! The Building Has 175+ Feet Of Wrap-Around Frontage, 40 Ft. Of Which Is On Roosevelt Ave.!!! The Property Has A 25 Year ICAP Tax Abatement!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: 1st Floor: Smilist Dentist (3, 100 Sqft.): $156, 000 Ann. NNN; Lease Exp. 7/31/28 + (2) 5 Year Options; 2.5% Ann. Inc. 2nd Floor: Day Care (4, 700 Sqft.): $156, 000 Ann. NNN; Lease Exp. 7/31/28; 3% Ann. Inc. LL: (2, 000 Sqft.) 15' Ceilings; Vanilla Box; $48, 000 Ann. (Available) Apt. 3A (908 Sqft.): $30, 600 Ann. Apt. 3B (730 Sqft.): $29, 772 Ann.; Lease Exp. 3/31/24. Apt. 3C (730 Sqft.): $34, 200 Ann. Apt. 3D (780 Sqft. + 925 Sqft. Terrace): $33, 252 Ann.; Lease Exp. 8/31/24. Apt. 4A (680 Sqft. + 275 Sqft. Terrace): $35, 200 Ann. Super (730 Sqft.): $15, 000 Ann. Apt. 4C (730 Sqft.): $29, 400 Ann. Apt. 4D (780 Sqft.): $33, 252 Ann. Lease Exp. 10/31/24 Apt. 5A (778 Sqft. + 613 Sqft. Terrace): $45, 000 Ann. Apt. 5B (966 Sqft. + 406 Sqft. Terrace): $37, 800 Ann. Expenses: Gas: $0 Electric: $1, 180 Ann. (Common Area Only) Maintenance & Repairs: $2, 000 Ann. Insurance: $6, 000 Ann. Trash: $0 Ann. Water: $3, 200 Ann. Taxes: $23, 000 Ann. Total Expenses: $35, 380 Ann. Current Gross Income: $635, 076 Ann. Pro Forma Gross Income: $683, 476 Ann. Current NOI: $599, 696 Ann. (4.32 Cap!!!) Projected NOI: $648, 096 Ann.