$3,400,000
Active
28 Days Online
12 Beds9 Baths0 SQFT
Active

16-83 Woodbine Street Ridgewood, NY 11385

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This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278, 544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each. Situated in zone R6B-C24, the property is NOT SUBJECT TO RENT CONTROL OR RENT STABILIZATION REGULATIONS. Nestled in the heart of Ridgewood, conveniently positioned between the L and M train lines, residents enjoy unparalleled access to amenities, public transportation, and thriving commercial hubs. Ridgewood's allure as an exceptional city underscores the promising investment potential of this property.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyQueens
  • Taxes$31,753
  • HOA/Condo/Coop Fees$0
  • Days on Site27 Days
  • MLS StatusActive
  • MLS ID Number3548046
  • Home Size Source N/A
  • Year Built1931
  • Lot Size0.06 Acres
  • Full Baths4
  • Partial Baths5

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General Features

  • Style Other
  • Construction Brick
  • Parking On Street
  • Sewer Public Sewer
  • Basement PartialWalk- Out Access
  • Acreage 0.06
  • Water Public
  • Cross Street Crypress/Woodbin
  • Property Sub Type Multi Family
  • Garage Spaces 0
  • Attached Garage No

Interior Features

  • Cooling Window Unit(s)
  • Heating Natural GasHot Water
  • Appliances FreezerOvenRefrigerator
  • Interior Eat-in KitchenEntrance FoyerLiving Room/Dining Room Combo
  • Fireplaces 0

Exterior Features

  • Lot Corner LotNear Public Transit

Community Features

  • Township Queens
  • Community Features ParkNear Public Transportation
  • Senior Community No

Schools

School District
Queens 24
Elementary School
Ps 81 Jean Paul Richter
Middle School
Is 77
High School
Grover Cleveland High School

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Monthly Payment (Est.)

$17,987
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