612 Woodward Ave - Apartments FOR SALE


Ridgewood, NY 11385
$1,495,000 USD
917-818-4471
612 Woodward Ave, Ridgewood, NY for Sale
$1,495,000 USD
Apartments - FOR SALE
1/19
null | 6.69% Cap Rate

612 Woodward Ave
Ridgewood, NY 11385


OVERVIEW

Wonderful opportunity to buy for investment or end-user in a great Ridgewood location at Woodward and Linden. 25×60ft building on a 25×89 lot. 2 FAR permitted built out at 1.35, so 1,440sf left to build. Add a floor for maximum value-add potential. Works as an end-user deal, investment, or even as a condo conversion, can turn into 4 residential condos + a commercial condo. Asking is $337 per buildable foot (and can build on top of what's there) Ground floor is a great commercial space with 15 foot ceilings and beautiful details, formerly used as a church. The landlord just installed a new storefront and made cosmetic upgrades. Nice size backyard 25×29. Finished basement with residential level finishes, full height ceilings, above grade windows and doors/stairs on both front and back. Completely usable income generating space. New boiler and water heater. Perfect plumbing and electric with new panels. 2 wonderful apartments upstairs with skylights all around. Can combine into massive owner unit, or use one for owner, rent out other. New bathrooms. Taxes $6,800 per year. Delivered vacant Asking is a ~7 cap

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

6.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood mixed-use property for Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

03408-0046

ASK ABOUT THIS PROPERTY

David ShapiroGrand & CoMore Info
917-818-4471

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David ShapiroGrand & CoMore Info
917-818-4471

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