Property profile

2 Maple S Ave Woodridge, NY 12789

OFF-MARKET
Investment properties
Property ID
US63-2105298
5,001 SF 0.3 ac lot Built 1950
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,409 square foot property located at 2 Maple Ave S, Woodridge, NY, presents a lucrative investment opportunity for discerning buyers. Situated on a 0.3-acre lot, this mixed-use property boasts approved plans for the immediate development of ten luxury units, making it a truly shovel-ready project. Detailed floor plans are readily available for review, showcasing the thoughtfully designed layout of these upscale residential units. The existing approvals streamline the development process, significantly reducing time and potential hurdles. Beyond the immediate ten-unit development, preliminary plans are also in place for an additional twenty units, expanding the potential rental income and overall return on investment. This presents a unique opportunity to create a substantial multifamily complex in a desirable location. The asking price of $1,350,000 reflects the significant value and potential inherent in this property. The approved plans, combined with the potential for future expansion, position this property as a prime investment for those seeking immediate returns and long-term growth in the Woodridge, NY market. Don't miss this chance to acquire a truly exceptional multifamily development opportunity. All necessary documentation, including approved plans and preliminary plans for the additional units, is available upon request.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 5,001 SF
Lot 0.3 ac (13,008 SF)
Zoning code B
APN 482801 106.-2-9
UPID US63-2105298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Maple S Ave Woodridge, NY 12789
Woodridge metro Census 951000
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
$660k
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k

Owner & transaction history

since 2024
Last sale
$675,000
3 recorded transactions
2024
$675,000
2015
$280,000
2004
$150,000

Zoning & alternative use

B · Woodridge, NY
Top alternative use upside
Restaurant $505,000 +27.4%
Auto repair, garage $445,000 +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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