| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 59th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5825 Queens Blvd, Woodside, NY, 11377, US |
| Region / Metro | Woodside |
| Year of Construction | 2005 |
| Units | 90 |
| Transaction Date | 2005-04-08 |
| Transaction Price | $5,600,000 |
| Buyer | QUEENS TOWER MANAGEMENT CORP |
| Seller | BUNKE HERMA |
5825 Queens Blvd, Woodside NY Multifamily Investment
Neighborhood occupancy remains solid, supporting steady leasing fundamentals according to WDSuite’s CRE market data. Position within Queens’ transit-served urban core underpins renter demand and retention.
The property sits in Woodside’s Urban Core fabric with strong day-to-day convenience. The neighborhood scores in the top quartile nationally for overall livability, with dense access to groceries, pharmacies, parks, cafés and restaurants—favorable for leasing velocity and renewal appeal.
Renter demand is supported by both local tenure patterns and stability indicators. Within a 3-mile radius, an estimated 71.7% of housing units are renter-occupied, indicating a deep tenant base. At the neighborhood level, occupancy has been resilient (96.6%), trending higher over the last five years; this reflects local demand rather than property-specific performance and is described by WDSuite as above many national benchmarks.
Home values in the neighborhood are elevated relative to national norms, and the value-to-income ratio is high for owners. In investment terms, a high-cost ownership market tends to sustain reliance on rental housing, reinforcing depth in the multifamily renter pool and supporting pricing power through cycles.
Rent levels are also comparatively high for the neighborhood, with rent-to-income dynamics that call for active lease management. For investors, this suggests balancing revenue growth with retention, particularly as the area’s average school ratings are moderate and households weigh overall housing costs against amenities and commute convenience.
Safety outcomes in the neighborhood are below national averages, based on national percentile readings. However, recent trends point in a constructive direction: estimated violent and property offense rates have declined over the past year, signaling improving conditions. These figures describe the broader neighborhood context, not the property itself, and should be evaluated alongside onsite security measures and management practices.
Proximity to major employers broadens the renter base and supports leasing stability, particularly among transit-reliant households. Notable nearby employment centers include airlines, pharmaceuticals, financial services, and aerospace offices.
- JetBlue Airways — airline HQ (1.8 miles) — HQ
- Lockheed Martin — defense & aerospace offices (3.5 miles)
- Pfizer — pharmaceuticals (3.5 miles) — HQ
- TIAA — financial services (3.6 miles) — HQ
- Citigroup — banking & financial services (3.6 miles) — HQ
Built in 2007, the asset is materially newer than the local average vintage, providing competitive positioning versus older Queens stock while allowing investors to focus capital on targeted upgrades and modernization rather than full-scale repositioning. According to CRE market data from WDSuite, the surrounding neighborhood shows resilient occupancy and dense amenity access, both of which tend to support tenant retention and lease-up consistency in urban Queens.
Within a 3-mile radius, the renter pool is sizable and households have grown even as average household size trends lower, which can expand demand for rental units. Elevated ownership costs in the area typically sustain multifamily reliance, though rent-to-income levels suggest prudent revenue management to protect renewal rates. Overall, the location’s transit-served dynamics, employer access, and relatively modern vintage support a durable, income-focused thesis with selective value-add upside.
- 2007 construction offers a competitive edge versus older neighborhood stock, with focused capex for modernization rather than full overhaul.
- Resilient neighborhood occupancy and dense amenities support leasing stability and renewal appeal.
- Large 3-mile renter base and household growth indicate sustained depth in tenant demand.
- High-cost ownership market reinforces multifamily reliance and underpins pricing power through cycles.
- Risk: rent-to-income pressure requires disciplined lease management to balance growth and retention.