716 Woodward Avenue, New York, (Ridgewood), NY, 11385
1930
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.
Status:
Active
Town:
New York
Type:
Commercial
Units:
5
Cooling:
None
Acreage:
0.06
Est. Taxes:
$13,328
Assessment
$264,600
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Elementary School:
Ps 88 Seneca
Middle School:
Is 77
High School:
Grover Cleveland High School
School District:
Queens24
Days on Market:
14
MLS #:
852985
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Chase Global Realty Corp 718-355-8788