NY > Ridgewood
Ridgewood, NY 11385,716 Woodward AVE
Ridgewood, NY 11385,716 Woodward AVE
Ridgewood, NY 11385,716 Woodward AVE
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$1,890,000
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2,744 Sqft Lot
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716 Woodward AVE Ridgewood, NY 11385

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 852985

Rental Info No

Year Built 1930

Annual Tax Amount $13,327

Lot Size 2,744 Sqft

Acres 0.063

Property Sub-Type Multi Family

Source onekey2

Property Description

Ridgewood 5-Family Investment Property For Sale!
Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Bed and Bath: 11 Bedrooms and 7 Bathrooms. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house.

Location

State NY

County Queens

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Ps 88 Seneca

Middle Schools Joseph F Quinn Intermediate School 77

High Schools Grover Cleveland High School

Others

Special Listing Condition None

Listed by Chase Global Realty Corp

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agent

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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