Mixed-Use Building with Retail Ground
For Sale
$1,998,000
683 Woodward Avenue, Ridgewood, NY 11385
COMMERCIAL - Ridgewood, NY
Property Size4,500 SF
Price / SF$444
Days on Market150
Property Features for 683 Woodward Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Ridgewood
Directions
Google Maps
Standard status
Active
Size
4,500 SF
Taxes and HOA fees
Tax Annual Amount
16272
Building Details
Year built
1931
Floors in Building
3
Listing Agency:
PRIME AMERICA REAL ESTATE INC
(347) 725-3142
Listed By:
Gobinda Lama · License #10311207567
(718) 975-1107
Added: Mar 3
Changed: Jul 2
Last Checked: Jul 31 at 6:06AM
MLS# 11666796
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property totals approximately 5,650 square feet and combines a ground-floor commercial space with two residential apartments on the second floor. The ground level includes approximately 2,500 square feet of open retail space with an industrial character and a substantial 1,575 square foot basement for storage or auxiliary use. The second floor provides approximately 1,575 square feet of residential living area, split into two separate apartments. Each unit is described as a railroad-style layout with two bedrooms and one bathroom.
The building is located at 683 Woodward Avenue in Ridgewood, Queens, and is positioned on a busy commercial corridor that supports both neighborhood commerce and community activity. The property is described as being sold subject to existing configurations and lease statuses. The listing notes that the property is sold in “as-is” condition, and that access and inspections are to be arranged through the listing office.
Zoning is a central consideration for buyers evaluating redevelopment or modernization. The site is identified as R6B residential with a C1-4 commercial overlay, and preliminary analysis cited in the remarks suggests an approximate maximum buildable area of 10,250 square feet. The offering is presented as a potential fit for purchasers interested in vertical expansion, reconfiguring the existing residential and commercial mix, or pursuing a ground-up mixed-use direction, subject to confirmation by the buyer’s architect and zoning attorney.
The building is located at 683 Woodward Avenue in Ridgewood, Queens, and is positioned on a busy commercial corridor that supports both neighborhood commerce and community activity. The property is described as being sold subject to existing configurations and lease statuses. The listing notes that the property is sold in “as-is” condition, and that access and inspections are to be arranged through the listing office.
Zoning is a central consideration for buyers evaluating redevelopment or modernization. The site is identified as R6B residential with a C1-4 commercial overlay, and preliminary analysis cited in the remarks suggests an approximate maximum buildable area of 10,250 square feet. The offering is presented as a potential fit for purchasers interested in vertical expansion, reconfiguring the existing residential and commercial mix, or pursuing a ground-up mixed-use direction, subject to confirmation by the buyer’s architect and zoning attorney.
Key Highlights
- Built in 1931, this Ridgewood mixed‑use building totals approx. 5,650 SF.
- Approx. 2,500 SF ground‑floor commercial space with an open industrial floor plan (formerly a woolen cloth factory).
- Includes approx. 1,575 SF basement for storage or auxiliary use.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.9k | $46.20 |
| − Vacancy | −$7.9k | −$1.76 |
| EGI | $200.0k | $44.44 |
| − OpEx | −$90.0k | −$20.00 |
| NOI | $110.0k | $24.44 |
4,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,832
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Properties on Market for Mixed-use properties in Ridgewood
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring a large ground-floor commercial space, two upstairs apartments, and R6B zoning with a commercial overlay.
Where is this mixed-use property located?
The property is located at 683 Woodward Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Built in 1931, this Ridgewood mixed‑use building totals approx. 5,650 SF.; Approx. 2,500 SF ground‑floor commercial space with an open industrial floor plan (formerly a woolen cloth factory).; Includes approx. 1,575 SF basement for storage or auxiliary use.
