NY
Queens
Ridgewood
11385
716 Woodward Avenue
716 Woodward Avenue, Ridgewood, NY 11385
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Listing Type
Commercial/Industrial
Listing Status
active
17
$1,890,000

Home Details for 716 Woodward Avenue

Price
$1,890,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.063
County
Queens
Garage
Days on site
150
MLS Listing#
852985
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.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • None
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
School Information
School Information for 716 Woodward Avenue, Ridgewood, NY 11385
Elementary School
Ps 88 Seneca
Middle School
Joseph F Quinn Intermediate School 77
High School
Grover Cleveland High School
Listing Courtesy: Chase Global Realty Corp - 718-355-8788
Presented by: Sophia X. Yao
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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Median Listing Price
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Market statistics compiled from data from OneKey MLS.
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65-46 Grand Ave, Maspeth, NY 11378
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