5331 Woodside Ave

Discover an exceptional opportunity at 53-31 Woodside Avenue, Woodside, NY, where urban convenience meets serene living. This expansive three-family residence boasts 3,900 square feet of versatile living space, ideal for investors seeking a strong rental profile or homeowners desiring a live-in plus income arrangement. The property features three distinct units: a spacious two-bedroom, one-bathroom apartment on the first floor, a generous three-bedroom, one-bathroom apartment on the second floor, and a charming one-bedroom, one-bathroom apartment above the garage. Each unit is designed to maximize comfort and rental appeal, with current rents reflecting the property's value in this high-demand neighborhood. Situated directly across from Lawrence Virgilio Park, this property provides a tranquil urban setting, perfect for tenants seeking a balance between city life and green spaces. Commuters will appreciate the proximity to the 52nd Street Station on the 7 Line, the Northern Blvd. M/R Station, and the 61st Street Station for the LIRR, ensuring seamless connectivity throughout New York City. Recent capital improvements enhance the property's appeal and longevity, including a new water meter, two chimney linings, a new roof over the garage, and a PTAC unit in Unit 2R. Compliance with Local Law 31 has been completed, and the garage building has been fully waterproofed. Additional upgrades include a full replacement of the boiler's return line, new flooring in the entryway and first-floor common area, and new windows throughout the basement. This property is a compelling choice for those looking to expand their rental portfolio or secure a versatile multi-family residence in Woodside's thriving real estate market. With owner-paid gas and water, and tenants responsible for their own electricity-Unit 2R being fully electric-this setup offers a streamlined management experience. Don't miss the chance to purchase in this prime location. For a comprehensive setup and offering memorandum or to schedule a private tour, please reach out via email.