1683 Woodbine St - Apartments FOR SALE


Ridgewood, NY 11385
$3,000,000 USD
201-875-7953
1683 Woodbine St, Ridgewood, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/12
null | 7.18% Cap Rate

1683 Woodbine St
Ridgewood, NY 11385


HIGHLIGHTS

  • In between the L & M Train
  • Not Rent Controlled/Stabilized
  • Boxed Units
  • Renovated in 2023

OVERVIEW

This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278,544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each. Situated in zone R6B-C24, the property is NOT SUBJECT TO RENT CONTROL OR RENT STABILIZATION REGULATIONS. Nestled in the heart of Ridgewood, conveniently positioned between the L and M train lines, residents enjoy unparalleled access to amenities, public transportation, and thriving commercial hubs. Ridgewood's allure as an exceptional city underscores the promising investment potential of this property.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

9

PRICE/UNIT

$333,333

CAP RATE

7.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Unit Mixed Use Building!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,852 SF

ZONING

RB6-C2-4

APN/PARCEL ID

03449-0034

ASK ABOUT THIS PROPERTY

Mustapha KaddourEXP RealtyMore Info
201-875-7953

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Mustapha KaddourEXP RealtyMore Info
201-875-7953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.