Building Overview
41-07 54th Street offers investors a well-maintained, six-unit multifamily property in the heart of Woodside, Queens. The 6,075 gross-square-footbuilding features six two-bedroom apartments, including five free-marketunits and one rent-stabilized unit. Recent capital improvements include a roof replacement, conversion to gas, and parapet and brick waterproofing. Each Free Market unit was destabilized via High Rent Vacancy + IAI/MCI's . Property has been meticulously maintained by singular ownership for 50 years. Centrally located between Roosevelt Avenue and Skillman Avenue - only 2 block from 7 Train Subway Station.
50% Vacant
With three units currently vacant and potential first-floor expansion, the property offers clear near-term lease-up and rental upside and strong long-term growth potential.
For investors, 41-07 54th Street presents a compelling opportunity to acquire a quality multifamily asset in a highly connected Queens neighborhood. The property combines a strong central location with clearlease-up and rental upside.