DESCRIPTION

Presenting solid income producing asset in the heart of woodside this 12-family brick building is a rare opportunity to acquire a well-maintained, income-producing asset in one of queens' most dynamic neighborhoods.  Offering 6,324 square feet of living space, this property combines a strong rent-stabilized income stream with value-add potential through recent upgrades and ancillary storage rental income.  Property features & condition building size: 6,324 sq ft of living area across 12 residential units, providing ample space for families and professionals alike.  7 of the 12 units have been recently renovated with modern kitchens, bathrooms, flooring, and energy-efficient windows, increasing tenant satisfaction and retention.  The building features a brand new roof and boiler system, minimizing capital expenditures for the foreseeable future and ensuring reliable heating during cold months.  On-site storage bins add a supplementary income stream, which is increasingly attractive in urban rental markets.  Brick construction: classic durable brick exterior providing long-lasting structural integrity and aesthetic appeal.  Updated electrical and plumbing systems in renovated units.  The property is located within walking distance of the 7 train, offering a quick 12-minute commute into midtown manhattan-ideal for daily commuters and professionals.  Tenants enjoy close proximity to a wide array of retail shops, cafes, restaurants, grocery stores, and services that make woodside one of queens' most desirable residential areas.  Woodside is known for its diverse community, vibrant culture, and well-kept parks, making it a sought-after neighborhood for renters of all backgrounds.  The area is served by quality public and private schools and has convenient access to healthcare facilities.  12 rent-stabilized units provide a reliable and predictable cash flow, insulated from extreme rent volatility.  Storage units generate extra income, helping to boost overall returns.  New roof and boiler reduce near-term capital expenses and maintenance risks.  With 5 units not yet renovated, there's an opportunity to increase rents through further upgrades, subject to rent regulation.  Strong demand market: woodside continues to experience high rental demand driven by excellent transit access and neighborhood amenities.  Seller is also selling an addition 8 units in ridgewood as a package deal.  


Data is provided by OneKey MLS.