862 Woodward Ave Flushing, NY 11358

This extra-wide, solid brick six-family building is located in a prime area of Ridgewood. It is being offered on the market for the first time in decades and is described as a turn-key property. The building features a well-maintained, railroad-style layout with a high-ceiling basement. There are seven gas meters and seven electric meters. The unit mix comprises three 3-bedroom apartments and three 2-bedroom apartments. A new roof was installed in 2022, along with a new skylight and basement front entrance door. A new boiler was installed in 2023. The building has approximately 5,800 square feet of interior space, with building dimensions of 27.5 feet by 70 feet, situated on a lot measuring 27.5 feet by 100 feet. The property tax is $19,650. The property generates close to $130,000 in gross income and $90,000 NOI, resulting in a 6.4% cap rate at the asking price. The location is considered excellent and close to all amenities. DHCR information is available upon request.