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    603 Woodward Ave Ridgewood, NY 11385

    For Sale
    $1,999,000

    Multi Family - Ridgewood, NY

    Type:Single Family Attached
    Property size:
    5,175 SF
    Days on Market:
    93
    Last Refresh:
    Dec 12 at 5:06 pm

    Property Features for 603 Woodward Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1
    Size
    5,175 SF

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1915
    Number of units
    11
    Building materials
    Brick
    Architectural style
    Other

    Keller Williams Landmark II (347) 846-1200 [email protected]

    Listing agent Michael Bakheet (347) 846-1200 License #10401353689

    Listing date Sep 11, 2025

    MLS# 807415 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Mixed-Use Investment Opportunity

    This mixed-use property in Ridgewood presents an investment opportunity with income potential. It features 11 residential units, comprising six one-bedroom units and five studio apartments, providing a tenant base and rental income. The street-level retail space benefits from a location in a high-traffic area, offering visibility and attracting foot traffic. The property generates a gross annual income of $185,000. Situated in a neighborhood, the property is located near shops, restaurants, and major transportation options, enhancing residential and commercial appeal. The property includes a new roof and furnace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.907476
    Latitude
    40.706188

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in prime Ridgewood location with strong income potential.
    Where is this mixed-use property located?
    The property is located at 603 Woodward Ave Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Prime Location in a vibrant, sought-after neighborhood near shops, restaurants, and transportation.; - Strong Income Potential with a gross annual income of $185,000.; - 11 Residential Units providing a reliable tenant base.
    (347) 846-1200
    Request Owner's contact information
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    603 Woodward Ave Ridgewood, NY 11385
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