683 Woodward Avenue, Ridgewood, NY 11385
- Added:
- Mar 3, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 4 at 3:06 pm
Property Features for 683 Woodward Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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 agent Gobinda Lama License #10311207567 (718) 975-1107
Listing office PRIME AMERICA REAL ESTATE INC 6123 FRESH POND ROAD, Brooklyn, NY (347) 725-3142
Listing date Mar 3, 2026
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.
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.
- Second floor has approx. 1,575 SF residential split into 2 apartments; each unit offers a railroad‑style layout with 2 beds and 1 bath.
- Zoned R6B with a C1‑4 commercial overlay, with air rights and preliminary max buildable area of approx. 10,250 SF (confirm with professionals).
- Sold as‑is and subject to existing building configurations and lease statuses; due diligence required for all approx. measurements and zoning.
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.905779
- Latitude
- 40.705227
