Log In/Sign Up
Your email has been sent.
The Sophie 54-07 Roosevelt Ave 2 Unit Apartment Building $3,046,032 CAD ($1,523,016 CAD/Unit) Woodside, NY 11377
Investment Highlights
- Fully Occupied
- Botique Luxury Finishes
- Tax Class Protected (Tax Class 1 - $7,888)
- Long-Term Medical Tenant (Leased through January 2034)
- Located on Roosevelt Avenue, steps from the 52nd Street Station
Executive Summary
Cushman & Wakefield is pleased to present to market The Sophie, located at 54-07 Roosevelt Avenue, a boutique three-story mixed-use building located in the vibrant Woodside neighborhood of Queens. The property comprises four residential units and one commercial unit, totaling approximately 4,216 gross square feet (17' x 62') on a 1,216 square foot lot (19' x 64'), and benefits from a low tax burden of $7,888 for tax year 2026/2027 — further protected by its Tax Class 1 designation, which caps assessed value increases at 6% annually and 20% over any five-year period, providing ownership with a meaningful, long-term shield against rising tax exposure. The residential units feature elegant condo-quality finishes with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms — offering a boutique luxury loft aesthetic rarely found
in this submarket. The unit mix consists of two studios and two one-bedroom, one-bathroom apartments, catering to the neighborhood's strong commuter demand.
The ground-floor commercial space is occupied by Blu Point Health, a medical care and wellness services tenant, paying currently paying $5,665 in monthly base rent (at fixed annual increases) plus property tax recoveries equal to 50% of the increase over the 2024/2025 base year. The lease runs through January 2034, providing ownership with a long-term, stable income anchor. The property's positioning along Roosevelt Avenue places it steps from the 52nd Street station serving the 7 train, offering residents direct and seamless access to Midtown Manhattan. Woodside is one of Queens' most well-connected and sought-after residential neighborhoods, characterized by tree-lined blocks, a thriving local dining and retail scene, and a strong sense of community that continues to attract a diverse and growing renter base. The Property also stands to benefit from its location within the heart of Western Queens, where several of New York City's most significant redevelopment initiatives are underway or planned, including the recently approved OneLIC Neighborhood Plan, the transformative redevelopment of Willets Point, and the long-term vision for Sunnyside Yards, a potential $21 billion mixed-use neighborhood planned above the adjacent Amtrak rail yard. This offering represents a rare opportunity to acquire a fully occupied, income-producing boutique asset with luxury residential finishes and a long-term commercial anchor in one of Queens' most dynamic neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
in this submarket. The unit mix consists of two studios and two one-bedroom, one-bathroom apartments, catering to the neighborhood's strong commuter demand.
The ground-floor commercial space is occupied by Blu Point Health, a medical care and wellness services tenant, paying currently paying $5,665 in monthly base rent (at fixed annual increases) plus property tax recoveries equal to 50% of the increase over the 2024/2025 base year. The lease runs through January 2034, providing ownership with a long-term, stable income anchor. The property's positioning along Roosevelt Avenue places it steps from the 52nd Street station serving the 7 train, offering residents direct and seamless access to Midtown Manhattan. Woodside is one of Queens' most well-connected and sought-after residential neighborhoods, characterized by tree-lined blocks, a thriving local dining and retail scene, and a strong sense of community that continues to attract a diverse and growing renter base. The Property also stands to benefit from its location within the heart of Western Queens, where several of New York City's most significant redevelopment initiatives are underway or planned, including the recently approved OneLIC Neighborhood Plan, the transformative redevelopment of Willets Point, and the long-term vision for Sunnyside Yards, a potential $21 billion mixed-use neighborhood planned above the adjacent Amtrak rail yard. This offering represents a rare opportunity to acquire a fully occupied, income-producing boutique asset with luxury residential finishes and a long-term commercial anchor in one of Queens' most dynamic neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01317-0073 | Improvements Assessment | $48,902 CAD |
| Land Assessment | $6,561 CAD | Total Assessment | $55,463 CAD |
Property Taxes
Parcel Number
01317-0073
Land Assessment
$6,561 CAD
Improvements Assessment
$48,902 CAD
Total Assessment
$55,463 CAD
Contacts
-
Jeremy Stern -
Dylan Walsh -
Nick Kolbus -
Kieran Baker -
Charles Everett -
Cushman & Wakefield
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Sophie | 54-07 Roosevelt Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.