Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Bedrooms: | Studio |
Financials
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of NY Space Finders Inc
13, 216 SF Mixed Use Investment Property 12 Units 35 Year 421 a Tax Abatement NY Space Finders is pleased to exclusively present a six story, 13, 216 square foot ...
Description
13,216 SF Mixed-Use Investment Property | 12 Units | 35-Year 421-a Tax Abatement-
NY Space Finders is pleased to exclusively present a six-story, 13,216-square-foot mixed-use investment property located along the bustling Roosevelt Avenue commercial corridor in Woodside, Queens.
Constructed in 2017, this income-producing asset consists of 9 residential apartments and 3 commercial units, offering investors a diversified income stream from residential and commercial tenants.
The property generates approximately $520,362 in annual gross rental income, with an estimated net operating income of $448,991. Benefiting from a 35-year 421-a tax abatement that commenced in 2023, the property offers reduced real estate tax expenses and attractive cash flow.
The residential component features modern apartments with contemporary finishes, updated kitchens, stainless steel appliances, and attractive layouts.
The commercial component totals approximately 3,897 square feet and includes medical, wellness, and professional service tenants.
Conveniently situated along Roosevelt Avenue, the property benefits from proximity to the 7 subway line, neighborhood retail, restaurants, and established residential communities, providing excellent accessibility to Manhattan and throughout Queens.
*Investment Highlights:
-13,216 SF six-story mixed-use building.
-12 total units: 9 residential and 3 commercial.
-Constructed in 2017.
-Annual gross rental income: $520,362
Estimated NOI: $448,991
-35-year 421-a tax abatement commencing in 2023
-Approximately 3,897 SF of commercial space.
-Modern residential finishes.
-Tenants responsible for heating expenses.
-Convenient access to the 7 subway line.
-Prime Roosevelt Avenue location in Woodside, Queens.
An excellent opportunity to acquire a modern, cash-flowing mixed-use investment property with diversified income and long-term tax benefits in one of Queens' established residential and commercial corridors.
Featured Commercial Sales.
Amenities
- Bathrooms
- Built-in Features
- Cable - Available
- Electricity Connected
- Escalator(s)
- Fire Alarm
- Lobby
- Mailbox
- Natural Gas Available
- Phone Available
- Security System
- Water Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.