53-31 WOODSIDE Avenue, New York City, NY 11377
Listing Courtesy of Corcoran Group
$1,340,000
Potential Rebate: $20,100
Overview
Discover an exceptional investment 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. <br> <br> 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.<br> <br> Apt 1: Two bedroom, one bathroom. Rented at 3,000 per month<br> Apt 2: Three bedroom, one bathroom. Rented at 3,000 per month<br> Apt 2R: One bedroom, one bathroom. Rented at 2,200 per month<br> Garage: Two parking spaces. Rented at 400 per month<br> <br> Owner pays for gas and water. Tenants pay their own electric. Unit 2R is fully electric.<br> <br> 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 and the 61st Street Station for the LIRR, ensuring seamless connectivity throughout New York City.<br> <br> 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.<br> <br> 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.<br> <br> Don't miss the chance to invest in this prime location. For a comprehensive setup and offering memorandum or to schedule a private tour, please reach out via email.
Home Features
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$7,437 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$20,100
Monthly savings impact
$56/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20059585
Price Analysis
Compare average listing prices and value metrics for 53-31 WOODSIDE Avenue against the surrounding Woodside market.
Average List Price
Price Per SqFt
70.31% Lower
than the Woodside price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Woodside
Overview of Woodside
Woodside is a vibrant, diverse neighborhood in Western Queens. Known for its Irish heritage and growing Asian and Latin American communities, it is a transit hub with a real neighborhood feel. For buyers seeking Woodside Queens real estate, it offers pre-war apartments and convenience to Manhattan.
Living in Woodside is connected. It sits at the intersection of the LIRR and the 7 train. As a Queens NYC neighborhood, it is bustling and friendly.
Real Estate & Housing Market
The market for homes for sale in Woodside includes large pre-war co-ops (like Woodside Preserves) and multi-family homes.
It remains more affordable than Sunnyside or Astoria.
Lifestyle & Community
The lifestyle in Woodside is social. Roosevelt Avenue thrives with nightlife and street food.
The community is incredibly mixed, with Irish pubs sitting next to Filipino restaurants.
Transportation & Accessibility
Woodside Station (61st St) is a major hub. The 7 train and LIRR provide some of the fastest commutes to Midtown in the city.
Parks, Schools & Amenities
Doughboy Park offers green space. The neighborhood is filled with delis and small businesses.
Amenities: "Little Manila" centred on Roosevelt Ave offers incredible food.
Who This Neighborhood Is Best For
Woodside is best for commuters (LIRR access is huge) and foodies seeking authentic global cuisine.
