6-Unit Apartment
For Sale
$1,349,000
862 Woodward Avenue, Ridgewood, NY 11385
Six apartments include a mix of two- and three-bedroom layouts, with a new roof and boiler installed in recent years.
Property Size5,775 SF
Lot Size0.06 Acres
Price / SF$233.59
Days on Market207
Property Features for 862 Woodward Avenue
General Information
Standard status
Active
Size
5,775 SF
Lot size
0.06 Acres
Property subtype
Commercial
Net Operating Income
$130,000
Units
Unit Mix
3 x 3BR, 3 x 2BR
Multifamily Units
6
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$19,554
Building Details
Building Size
5,775 SF
Year Built
1930
Buildings
1
Units
6
Listing Agency:
RE/MAX Edge
Listed By:
Dazhi Su · License #10401312047
(718) 288-3835
Source:
Croninreale
Added: Apr 3
Changed: Oct 25
Last Checked: Oct 23 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
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Investment Insights
Based on property information with market context.
At 862 Woodward Avenue in Ridgewood, this 5,775-square-foot apartment building dates to 1930 and contains six railroad-style apartments: three with two bedrooms and three with three bedrooms. The building measures 27.5 by 70 feet on a 27.5-by-100-foot lot. Separate service includes seven gas meters and seven electric meters.
Building improvements include a roof replaced in 2022, a new skylight, a basement front entrance door, and a boiler installed in 2023. The reported cap rate is 7%.
Building improvements include a roof replaced in 2022, a new skylight, a basement front entrance door, and a boiler installed in 2023. The reported cap rate is 7%.
Key Highlights
- Six apartments: three two‑bedroom units and three three‑bedroom units
- 5,775 SF building on a 27.5x100‑foot lot
- Building dimensions: 27.5x70 feet
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments include a mix of two- and three-bedroom layouts, with a new roof and boiler installed in recent years.
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 apartments: three two‑bedroom units and three three‑bedroom units; 5,775 SF building on a 27.5x100‑foot lot; Building dimensions: 27.5x70 feet
