| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 59th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5123 Queens Blvd, Woodside, NY, 11377, US |
| Region / Metro | Woodside |
| Year of Construction | 2009 |
| Units | 25 |
| Transaction Date | 2008-08-19 |
| Transaction Price | $1,700,000 |
| Buyer | 5123 Q BLVD LLC |
| Seller | VIDEIRA FERNANDO |
5123 Queens Blvd, Woodside NY Multifamily Investment
Stabilized renter demand and strong neighborhood conveniences point to durable leasing fundamentals, according to WDSuite’s CRE market data. Expect occupancy strength supported by a majority renter-occupied area and elevated ownership costs in the surrounding market.
The property sits in an Urban Core pocket of Queens that is competitive among New York–Jersey City–White Plains neighborhoods (71st of 889), with neighborhood occupancy trending above the metro median and improving over the last five years. Elevated home values relative to national norms reinforce reliance on multifamily housing, which supports pricing power and lease retention for well-managed assets.
Livability drivers are a clear strength: neighborhood amenities rank near the top nationally, with abundant groceries, parks, pharmacies, cafés, and restaurants. That density of daily needs underpins renter convenience and helps sustain demand for smaller urban units.
Tenure patterns indicate a deep renter pool. Within the neighborhood, roughly six in ten housing units are renter-occupied, and within a 3-mile radius the renter concentration is even higher, expanding the prospective tenant base and supporting occupancy stability.
School options test slightly above national averages, and the area’s housing metrics sit in the top quartile nationally. For investors, these characteristics—paired with a 2009 vintage that is newer than the neighborhood’s mid-century average—suggest competitive positioning versus older stock, while still planning for mid-life system updates or targeted renovations as part of capital strategy.
Safety indicators are mixed. The neighborhood’s crime position is below the metro median (ranked 260 among 889 New York–Jersey City–White Plains neighborhoods) and sits below the national median for safety (37th percentile nationwide). Recent data show year-over-year declines in both property and violent offense rates, which is a constructive trend, but investors should underwrite with conservative assumptions and align security and lighting upgrades with asset plans.
Nearby employment anchors provide commute convenience and help sustain renter demand, including JetBlue Airways, Lockheed Martin, Pfizer, TIAA, and INTL FCStone. These clusters broaden the white-collar and skilled operations base that supports leasing and retention.
- JetBlue Airways — airlines (1.45 miles) — HQ
- Lockheed Martin — defense & aerospace offices (3.14 miles)
- Pfizer — pharmaceuticals (3.16 miles) — HQ
- TIAA — financial services (3.24 miles) — HQ
- INTL FCStone — financial services (3.25 miles) — HQ
This 25‑unit, 2009-vintage asset benefits from durable renter demand in a high-amenity Urban Core location. Neighborhood occupancy is above the metro median and has improved over five years, while elevated for-sale housing costs in Queens sustain reliance on rentals and support leasing durability. Based on commercial real estate analysis from WDSuite, these fundamentals compare favorably against broader metro and national benchmarks for convenience, housing strength, and occupancy.
Within a 3‑mile radius, households have increased even as average household size trends lower, signaling a larger pool of households competing for units and supporting lease-up and retention. The newer vintage versus local averages positions the property competitively against older stock, with potential value-add through targeted modernization and ongoing capital planning as systems reach mid-life. Underwriting should consider renter affordability pressure (rent-to-income around 31%) and a safety profile below national medians, even as recent trends have improved.
- Urban Core location with top-tier amenity access supports tenant retention and pricing power
- Above-metro-median occupancy with five-year improvement underpins income stability
- 2009 vintage is competitive versus older local stock, with targeted value-add potential
- Elevated ownership costs in Queens reinforce multifamily demand and lease durability
- Risks: renter affordability pressure and below-median safety, mitigated by recent improving trends