2 Maple S Ave, Woodridge, NY 12789
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · Woodridge, NYWoodridge. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.