$1,100,000
Updated 3 years ago
Sold
39-37 65th Street
Woodside, Queens | 65th Place & Woodside Ave
4,110 Square FeetMulti-Family
$1,100,000
floors / apts3 / 6
Lot Size20'x87'
Built Size20'x82'
ZoneR4-1
Building TypeHouse
RE Taxes$18,850
Price Per SF
$268
This property was sold for $1,100,000 on 11/09/23.
Property Description for 39-37 65th Street
Introducing this fantastic six-family building located in the desirable Woodside neighborhood of Queens. This property is an excellent investment opportunity, offering six units with great rental income potential.
Four units feature one bedroom, one bathroom, a spacious living room, and a separate kitchen. Two units feature two bedrooms, one bathroom, a large living room, and a separate kitchen. All units are well-maintained and have hardwood floors, ample closet space, and lots of natural light.
The building has a well-maintained exterior with brick construction and a new roof.
Located in a quiet residential street, this building is just a short walk away from shops, restaurants, and public transportation. This property offers tremendous potential for investors looking to expand their portfolio or for owner-occupiers looking to generate rental income.
Don't miss out on this excellent investment opportunity in a prime location!
I have included RR and Expenses / Specs below for your added convenience
Built 20x82 on 100 lot
Yearly RR 121,416
1393
1703
1862
1755
1970
1435
DHCR all up to date
Yearly EXP 34,800
17000 tax
6700 water
3200 ins
7900 utilities
86,600 NOI
7.5% Cap Rate
Four units feature one bedroom, one bathroom, a spacious living room, and a separate kitchen. Two units feature two bedrooms, one bathroom, a large living room, and a separate kitchen. All units are well-maintained and have hardwood floors, ample closet space, and lots of natural light.
The building has a well-maintained exterior with brick construction and a new roof.
Located in a quiet residential street, this building is just a short walk away from shops, restaurants, and public transportation. This property offers tremendous potential for investors looking to expand their portfolio or for owner-occupiers looking to generate rental income.
Don't miss out on this excellent investment opportunity in a prime location!
I have included RR and Expenses / Specs below for your added convenience
Built 20x82 on 100 lot
Yearly RR 121,416
1393
1703
1862
1755
1970
1435
DHCR all up to date
Yearly EXP 34,800
17000 tax
6700 water
3200 ins
7900 utilities
86,600 NOI
7.5% Cap Rate
Listing History for 39-37 65th Street
Now
11/09/2023
$1,100,000
Sold and Closed by Nathaniel J. Smith
Oxford Property Group
10/01/2023
Contract Signed by Nathaniel J. Smith
Oxford Property Group
Building Details for 39-37 65th Street
OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/6
Woodside | Queens
Quick Profile
From Irish enclave to modern day melting pot, Woodside Queens is an affordable working-class neighborhood with a laid-back vibe.
Woodside is bordered by Elmhurst to the east, Astoria to the west, Jackson Heights to the northeast and Long Island City to the south.
According to many residents, one of the perks of living in the neighborhood is the short train commute to Manhattan and Grand Central Station. What Woodside lacks in attractions, it certainly makes up for it with fun bars and pubs, coffee shops, parks, and food spots. Especially the endless variety of ethnic food establishments throughout the neighborhood.
Queens is already the epicenter of ethnic food. So, it’s no surprise that there are many culinary treasures in Woodside. Especially when it comes to Filipino food. Little Manilla, as it's affectionately known as, begins at 63rd Street on Roosevelt Avenue and extends to 71st. You’ll find Filipino markets and restaurants selling everything from comfort food to traditional Filipino ingredients. Make sure you come hungry.
Woodside has always been a melting pot. Irish, Italian and German immigrants flocked to the neighborhood in the early 20th century. In recent years, Asian and Latin immigrants have joined the population.
As of lately, the neighborhood has attracted people looking to get a little more bang for their buck as well as those who have been priced out of nearby areas like Sunnyside and Long Island City. Most Woodside residents rent and a smaller portion of them own.
When it comes to housing stock, you’ll find a little bit of everything in Woodside. Standalone houses, large apartment buildings, towering co-ops and 2 and 3 story detached homes are common.
The neighborhood has not seen an explosion of growth in new and modern construction yet so there are some good deals to be had. The average listed price is $419,000 while the median listed price is $372,000.
Woodside's main commercial artery is Roosevelt Avenue, which has always been a busy thoroughfare. Irish bars, Italian bakeries, mom and pop stores of every type share the commercial space. The rumbling subway passes overhead on the elevated track and adds a little grittiness to it all.
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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 92323TH
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