Six-Unit Apartment
For Sale
$1,349,000
862 Woodward Avenue, Ridgewood, NY 11385
The property offers railroad-style layouts, separate utility metering, and a mix of two- and three-bedroom apartments.
Property Size5,775 SF
Lot Size0.06 Acres
Price / SF$232.59
Days on Market125
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
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
(718) 288-3835
Listed By:
Dazhi Su
(718) 288-3835
Source:
Cohenandcohenrealty
Added: Apr 3
Changed: Aug 5
Last Checked: Aug 5 at 7:32AM
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 1930 apartment building contains six residential units arranged in a railroad-style configuration, with three three-bedroom apartments and three two-bedroom apartments. The property provides approximately 5,800 square feet of interior space within a building measuring 27.5 by 70 feet on a 27.5 by 100-foot lot. Separate utility service includes 7 gas meters and 7 electric meters.
Capital improvements include a roof replacement completed in 2022, a new skylight, a new basement front entrance door, and a new boiler installed in 2023. The building is located at 862 Woodward Avenue in Ridgewood, NY 11385. DHCR information is available upon request.
Capital improvements include a roof replacement completed in 2022, a new skylight, a new basement front entrance door, and a new boiler installed in 2023. The building is located at 862 Woodward Avenue in Ridgewood, NY 11385. DHCR information is available upon request.
Key Highlights
- Six‑family apartment building with three 3‑bedroom and three 2‑bedroom apartments
- Approximately 5,800 square feet of interior space
- 7 gas meters and 7 electric meters
Property Analytics
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 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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The property offers railroad-style layouts, separate utility metering, and a mix of two- and three-bedroom apartments.
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‑family apartment building with three 3‑bedroom and three 2‑bedroom apartments; Approximately 5,800 square feet of interior space; 7 gas meters and 7 electric meters
