16-65 Woodbine St, Queens, NY 11385

This well-maintained, three-story walk-up apartment building at 16-65 Woodbine Street in Ridgewood, Queens, presents a compelling investment opportunity. Built in 1930, the property boasts 5,600 square feet and features six two-bedroom apartments, currently enjoying 100% occupancy. The asking price is $1,000,000, translating to $178 per square foot and $166,666 per unit. The building benefits from a 6.00% capitalization rate. Located mid-block on the west side of Woodbine Street, between St. Nicholas Avenue and Cypress Avenue, this property enjoys excellent access to public transportation. Nearby subway lines include the L and M trains at the Myrtle-Wyckoff Avenue station and the M train at the Seneca Avenue station. Its proximity to Myrtle Avenue and neighborhood shopping further enhances its appeal. The property is classified as a protected Tax Class 2A. The permitted zoning is R6B. This is a rare opportunity to acquire a stable, fully occupied multifamily building in a desirable Queens neighborhood.