2 Maple S Ave Woodridge, NY 12789
- Investment properties
- 5,001 SF
- 0.30 lot acres
Current Use by Public Records
- Investment properties
Property Details for 2 Maple S Ave
- Year built
- 1950
- Lot size
- 0.30 lot acres
- Property size
- 5,001 SF
- Zone code
- B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 482801 106.-2-9
- APU
- 48280110629
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $695,000
- 6.5%
- $705,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $815,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $745,000
- Mixed-Use
- $595,000
- Hospitality
- $565,000
- Educational
- $635,000
- Residential Income
- $600,000
- Energy
- $715,000
- Income-Based Land
- $725,000
- Food Service
- $665,000
Location Insight
- Map
- Local Demand
- City
- Woodridge
- County
- Sullivan
- State
- New York
- Longitude
- -74.5738
- Latitude
- 41.7108