6147 Woodbine St - Apartments FOR SALE
Ridgewood, NY 11385 |
$3,500,000 USD
914-584-7422
6147 Woodbine St
Ridgewood, NY 11385
HIGHLIGHTS
- Massive 36’ wide 8-family on beautiful residential block in Ridgewood, Queens
- 9,200 SF with 4 and 5 bedroom layouts
- Seven of eight units are renovated and free market
- Pro forma rent roll over $375K/year, assuming conservative rental projections around $50/SF
- Expect rents to grow into the mid $50s to $60 / SF over the next few years as Ridgewood continues to mature
- Asking price of $3.75M, translates to a 7.5-8% cap going in, with the expectation of achieving double-digit returns in the coming years.
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$380 USD /SF
# OF UNITS
8
PRICE/UNIT
$437,500
CAP RATE
8.29%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1930
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.08 AC
LAND SF
3,600 SF
ZONING
R6B
APN/PARCEL ID
03613-0035
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914-584-7422
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914-584-7422
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