716 Woodward Avenue, Ridgewood, NY

$1,680,000

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3,500

Square feet

0.06

Acres

About 716 Woodward Avenue

Ridgewood 3-Family Investment Property For Sale! Cap Rate: ~7.4%. 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.

Features of 716 Woodward Avenue

MLS® # 852985
Price $1,680,000
Bathrooms 0.00
Internal Footage 3,500
Square Footage 2744
Acres 0.06
Year Built 1930
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 716 Woodward Avenue
City Ridgewood
County Queens
State NY
Zip Code 11385

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling None
Fireplace No
Has Basement No

Exterior

Construction Frame

School Information

District Queens24
Elementary Ps 88 Seneca
Middle Joseph F Quinn Intermediate School 77
High Grover Cleveland High School

Additional Information

Date Listed April 23rd, 2025
Days on Market 173
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofChase Global Realty Corp
Contact Info718-355-8788

Listing Map

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