5222 Roosevelt Ave 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 Expo...sure, 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. Continue reading