69-12 Roosevelt Ave, Woodside, NY 11377
OFFERING AT $2,750,000
B Square Realty is pleased to introduce this mixed-use building on Roosevelt 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 rental income for the apartment is $2,100 per unit, totaling $4,200 per month. And net operating income for 2019 is approximately $136,994.
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.
盛世地产独家代理Woodside中心罗斯福大道商住混合楼，一店铺+两家庭。二楼全新装修，两个2卧1浴，每户收租$2100！一楼租给好生意餐馆，租客负责60%地税，租金每年增长4%，还有8+5年租约。超便捷地理位置,门口就是7号地铁(69 Ave)站,步行5分钟至长岛火车站和E/F/M/R地铁,15分钟进曼哈顿, 10分钟到法拉盛。靠近商铺, 超市,银行,餐厅, 人车流量大。目前回报率5%，投资首选！