Six-Unit Apartment
For Sale
$1,349,000
862 Woodward Avenue, Ridgewood, NY 11358
Well-maintained Ridgewood multifamily property with updated building systems and a balanced two- and three-bedroom unit mix.
Property Size5,775 SF
Lot Size0.06 Acres
Price / SF$232.59
Days on Market151
Property Features for 862 Woodward Avenue
General Information
Standard status
Active
Size
5,775 SF
Lot size
0.06 Acres
Property subtype
Multi Family Home
Zoning
R6B
Net Operating Income
$130,000
Units
Unit Mix
3 x 3BR, 3 x 2BR
Multifamily Units
6
Additional Details
Cap Rate
7%
Building Details
Building Size
5,775 SF
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
Re/Max Edge
(718) 612-3088
Listed By:
Dazhi (Simon) Su · License #10401312047
(718) 612-3088
Source:
Michaelfraulo
Added: Apr 2
Changed: Aug 29
Last Checked: Aug 25 at 9:24AM
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
Investment Insights
Based on property information with market context.
This six-unit apartment building in Ridgewood contains three three-bedroom apartments and three two-bedroom apartments, with approximately 5,800 square feet of interior space. The railroad-style layout is supported by seven gas meters and seven electric meters. Building improvements include a roof replacement completed in 2022, a new skylight, a basement front entrance door, and a new boiler installed in 2023.
Constructed in 1930, the property is located at 862 Woodward Avenue in Ridgewood, New York. DHCR information is available upon request. The unit configuration and separate utility metering provide a clear operating profile for this multifamily asset.
Constructed in 1930, the property is located at 862 Woodward Avenue in Ridgewood, New York. DHCR information is available upon request. The unit configuration and separate utility metering provide a clear operating profile for this multifamily asset.
Key Highlights
- Six‑unit apartment building with three 3‑bedroom and three 2‑bedroom apartments
- Approximately 5,800 square feet of interior space; 27.5x70 building on a 27.5x100 lot
- New roof completed in 2022
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained Ridgewood multifamily property with updated 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‑unit apartment building with three 3‑bedroom and three 2‑bedroom apartments; Approximately 5,800 square feet of interior space; 27.5x70 building on a 27.5x100 lot; New roof completed in 2022
