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Six-Unit Apartment Building
For Sale
$1,349,000

862 Woodward Avenue, Ridgewood, NY 11358

Residential, Ridgewood, NY

Property Size5,775 SF
Lot Size0.06 Acres
Price / SF$233.59
Days on Market165

Property Features for 862 Woodward Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6B
Bedrooms 15
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 12, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 11, Bedroom 10, Bedroom 15, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 14, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 13
Subdivision Ridgewood
Standard status Active
Size 5,775 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 19554

Building Details

Year built 1930
Floors in Building 3
Listing Agency: RE/MAX Edge · RE/MAX International
Listed By: Dazhi (Simon) Su · License #10401312047
Added: Apr 2 Changed: Sep 12 Last Checked: Sep 13 at 11:06AM
MLS# 500211

Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 six-family apartment building at 862 Woodward Avenue in Ridgewood includes three 3-bedroom apartments and three 2-bedroom apartments in a railroad-style layout. The building measures 27.5x70 on a 27.5x100 lot and was built in 1930. Separate utility metering includes 7 gas meters and 7 electric meters.

Recent improvements include a roof replaced in 2022, a new skylight, a basement front entrance door, and a new boiler installed in 2023. The property is zoned R6B and carries a stated 7% cap rate. DHCR information is available upon request.

Key Highlights

  • Six‑family apartment building with three 3‑bedroom and three 2‑bedroom apartments
  • Building size: 27.5x70; lot size: 27.5x100
  • 7 gas meters and 7 electric meters

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,590
Businesses Nearby

Demographics for 11358, NY

40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-family property with updated major building systems and a balanced two- and three-bedroom unit mix.
Where is this apartment building located?
The property is located at 862 Woodward Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Six‑family apartment building with three 3‑bedroom and three 2‑bedroom apartments; Building size: 27.5x70; lot size: 27.5x100; 7 gas meters and 7 electric meters
More about this property
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