6912 Roosevelt Ave
Woodside, NY 11377
Retail Property For Sale

Ave located in the heart of Woodside, just off the 7 train station and close to the LIRR and E,F,M,R subway station. The 2,432 SF building is situated on a 1,645 SF lot. The building features 1 retail space on the ground floor and 2 apartments on the second floor. The first floor retail space is currently net leased to Kabayan restaurant until 2027 and includes a 5-year option to renew. Tenants are responsible for their own utilities and payment of 60% of the real estate taxes. The rentals increase by 4% annually. The two apartments were recently renovated along with a new boiler and roof. The total rental income for the apartments is $4,000 per month. And net operating income for 2020 is approximately $137,702. Due to the continuous rapid development of the neighborhood, Woodside has seen some of the highest rental increases and property values in the past few years. It has also experienced a large rental demand due to its diverse dining options, culture, and easy commute to Manhattan. These ideal factors make it a perfect investment for any buyer looking to expand their portfolio.