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Celinda Iaboni

celinda.joinreal@gmail.com +1(631) 786-9603

$ 1,700,000

Est. payment | -/mo

6 Baths

Save

$ 1,700,000

Est. payment | -/mo

Save

6 Baths

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11916125

Full Baths 6

Property Description

58-34 43rd Avenue, Woodside, NY 11377 6-Family Investment Property | Fully Occupied | Turn-Key Condition Offered at $1,700,000 A rare opportunity to acquire a fully-occupied, six-family multifamily investment in the heart of Woodside - one of Queens' most consistently in-demand rental submarkets. Investment Highlights: 100% occupied with all six units currently generating income - zero vacancy risk at closing Gross annual income of $114,011.88, anchored by five rent-stabilized tenancies for long-term income predictability, plus one free-market unit offering upside potential at turnover New boiler recently installed - a major capital expense already handled for the next owner Roof recently repaired, reducing near-term deferred maintenance Camera security system in place for building safety and tenant peace of mind Lead paint inspection completed, satisfying NYC Local Law requirements and reducing compliance exposure for the buyer Why It Works for an Investor: Beyond the current income, this is a building with the heavy lifting largely done - mechanical systems, roof, safety, and compliance items that typically eat into a buyer's first-year budget have already been addressed. The rent-stabilized mix offers a stable, low-turnover income base, while the free-market unit provides a natural lever for rent growth over time. For a buyer thinking beyond year-one yield - toward stable long-term hold, eventual unit turnover upside, or 1031 exchange placement in a strong Queens rental corridor - this offering presents a well-maintained, income-producing asset in a location that continues to see strong rental demand. Location: Situated on 43rd Avenue between 58th and 59th Streets in Woodside, this property sits in a well-established, walkable residential pocket of western Queens. Tenants enjoy: Steps to the 7 train at the 61st St-Woodside station, offering a direct, roughly 20-25 minute ride into Midtown Manhattan LIRR access at Woodside Station, giving commuters an express alternative into Penn Station Easy access to Roosevelt Avenue and Woodside Avenue, both lined with local shops, groceries, restaurants, and everyday conveniences Close proximity to LaGuardia Airport, appealing to tenants who travel frequently or work in aviation/hospitality A short distance to Doughboy Plaza and neighborhood green space, plus easy connections to nearby Sunnyside and Jackson Heights Located in a stable, long-established residential corridor with a strong mix of multifamily housing, contributing to consistent rental demand and low vacancy across the block This kind of transit-rich, amenity-close location is a key driver of Woodside's enduring rental strength - tenants are drawn to the neighborhood's affordability relative to Manhattan and its unusually fast commute options, which supports steady occupancy for owners. Contact listing agent for financials, rent roll, and showing instructions.

Location

State NY

County 36081

Rooms

Dining Room 0

Kitchen 0

Building

Story 3

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

58-34 43rd ave Woodside, NY 11377

Celinda Iaboni

Key Details

Location

Rooms

Building

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

58-34 43rd ave