Buy with Yoreevo
$1,375,500
List Price: $1,400,000
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5201 Skillman Avenue
House in Woodside •  building info
studio • 2,717ft² $515 per ft²
Buy with Yoreevo

$1,375,500

List Price

$1,400,000

Key Details
Days on market
83
Last price change
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Estimated payment
$9,480/mo
Taxes
$1,722/mo
Maintenance
N/A
Description
6 Family walk-up with 2 car parking lot in great condition, located on the corner of Skillman Ave and 52nd St on the Woodside/Sunnyside border. The building has been "babied" by the same owner for 30+ years and professionally managed since 2022. Located 1 block away from the 7 train, and no violations, this is a great opportunity for any investor. Keep the current management company in place to create a true hands-off, passive income, revenue stream! All apartments are 3 bedrooms/1 bathroom, box layout, fully occupied, and all tenants have leases. An apartment will not be vacant at closing, the buyer should be looking to buy purley as an investment property. All tenants pay on time and there is no arrears. The building has 5 rent stabilized apartments, 1 rent controlled apartment, a 2 car parking lot, and the building has been realisticlay priced accordingly. The total current income is $10,330.83, and the 2026 Proforma Rent Roll after all apartments are increased by the approved 4.5% and parking rent is $12,400. The yearly expenses including common area electric, water, heat, insurance, property tax, and repairs are approximately $50,000 a year, including a $5,550 SCRIE Credit. With net income of almost 100K a year, the asking price of $1,400,000 = a cap rate of 7%!

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Building amenities
Services and facilities
Parking Available
Building info

52-01 Skillman Ave, Woodside, NY 11377

house in Woodside
1924
Built

History
What it'll cost
Purchase price
$1,400,000
Asking Price: $1,400,000
Term
30 Years
Down Payment
$140,000 (10%)
Min: 10% (140,000)
Rate
6.25 %
Mortgage Amount
$1,260,000
Mortgage Payment
$7,758
Taxes
$1,722
Estimated Yoreevo rebate
$24,500
Estimated closing cost
$51,000
Total monthly cost $9,480
Buy your dream home with us and get an estimated $24,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of RealTegrity NY

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.