Kevin Kalimian Of Kalico Group Acquires Mixed-Use Property In Woodside Queens For $2.03M
68 10 Woodside Avenue
$2,030,000
$317/SF
Building Size
6,400 SF
Asset Type
Mixed-use
Closing
Aug 13, 2025
AI
The asset involved in this transaction is a mixed-use property located at 68-06 / 68-08 / 68-10 Woodside Ave, situated in the Woodside market of Queens. The property consists of 3 commercial units and 3 residential units, totaling 6 units. The sale price for the property was set at $2,030,000. The total square footage of the asset is 6,400, resulting in a price per square foot of $317 and a price per unit of $338,333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,030,000
- Units: 6
- Square Footage: 6,400
- Price Per Unit: $338,333
- Price Per Square Foot: $317
- Buyer: Kevin Kalimian - Kalico Group
- Broker Representatives: Christoffer Brodhead, Alexander Taic & Nikola Cosic - Ariel Property Advisors
- Date of Transaction: 8/14/2025
Kevin Kalimian, representing Kalico Group, is a seasoned player in the real estate investment sector with over 30 years of experience in the New York area. The firm specializes in acquiring and developing various types of properties, including residential, commercial, and mixed-use. Kalico Group is actively pursuing additional investment opportunities throughout the five boroughs of New York City and Long Island.
Players
Woodside Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93