10
See all 10 photos
$1,890,000
Est. payment /mo
2,744 Sqft Lot
New
716 Woodward AVE Ridgewood, NY 11385
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Chaim Reich - Erealty Advisors
Chaim Reich - Erealty Advisors
chaim@ritzrealtyusa.com +1(718) 781-3616UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY852985
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $13,327
Lot Size 2,744 Sqft
Acres 0.063
Property Sub-Type Multi Family
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: $1,600 + $1,700. 2R: $2,600. 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!
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: $1,600 + $1,700. 2R: $2,600. 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!
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ps 88 Seneca
Middle Schools Is 77
High Schools Grover Cleveland High School
School District Queens24
Others
Special Listing Condition None
Listed by Chase Global Realty Corp