About 862 Woodward Avenue
Extra-wide solid brick 6 family in prime Ridgewood, 1st time on market in decades, turn key property. Well-maintained, railroad style, high-ceiling basement, 7 gas meters and 7 electric meters. Three 3-bedroom apartments and three 2-bedroom apartments. New roof replaced in 2022, new skylight, basement front entrance door, and new boiler in 2023. Close to 5,800 square feet of interior space, building size is 27.5x70, lot size is 27.5x100. Property tax is $19,650. Close to $130,000 gross income and $90,000 NOI, generating 6.4% cap rate at asking price. Excellent location, close to all. Priced to sell. DHCR available upon request.
Features of 862 Woodward Avenue
| MLS® # | 930045 |
|---|---|
| Price | $1,399,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,775 |
| Acres | 0.06 |
| Year Built | 1930 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 862 Woodward Avenue |
|---|---|
| City | Ridgewood |
| County | Queens |
| State | NY |
| Zip Code | 11385 |
Additional Information
Listing Details
| Office | RE/MAX Edge |
|---|---|
| Office Contact | 718-288-3835 |