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    577 Woodward Avenue

    Ridgewood, NY 11385
    • $1,500,000
    • STATUS: Active
    • ON SITE: 104 days
    • MLS #: 3321406
    UPDATED: 49 min ago
    $1,500,000
    • 9
      BEDS
    • 0.05
      ACRES
    • 3
      BATHS
    • 2
      1/2 BATHS
    • 4,140
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Information

    Middle School:
    School District:

    Description

    Mixed use property (S2), features 1st floor commercial space currently rented to a record store at $1500 a month - lease. Additionally, 3 residential units: 1st floor unit - 3 bedroom 1.5 bath $2400/mo 1 year lease. 2nd floor unit - 3 bedroom 1 full bath $1750/mo - no lease. 3rd floor unit - 3 bedroom 1 bathroom apartment paying $2100 1 yr lease. Total annual rent roll is currently 93k a year. Building is fully updated; new electric, new independent boilers, updated windows and a ton of potential with an oversized unfinished basement. Unique square footage, first floor building dimensions are 20x97 and 2nd and 3rd floor building dimensions are 20x55 for a total of 4,140 finished square feet PLUS an additional 1100 sqft of unfinished basement. Current cap rate 5.3 % POTENTIAL FOR 6+% CAP zoning overlay C1-4.

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with Douglas Elliman. Data last updated: 2021-09-27T20:16:18.41.
    www.frankschiavone.com/homes/118221515
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    577 Woodward Avenue Ridgewood, NY 11385

    • Price: $1,500,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 3321406
    9
    Beds
    3
    Baths
    2
    ½ Baths
    0.05
    Acres
    4,140
    SQFT
    $362
    $/SQFT
    1910
    Built
    Neighborhood:
    Queens
    County:
    Queens
    Area:
    Queens
    Middle School:
    Is 93 Ridgewood
    High School:
    Grover Cleveland High School
    School District:
    Queens 24
    Property Description
    Mixed use property (S2), features 1st floor commercial space currently rented to a record store at $1500 a month - lease. Additionally, 3 residential units: 1st floor unit - 3 bedroom 1.5 bath $2400/mo 1 year lease. 2nd floor unit - 3 bedroom 1 full bath $1750/mo - no lease. 3rd floor unit - 3 bedroom 1 bathroom apartment paying $2100 1 yr lease. Total annual rent roll is currently 93k a year. Building is fully updated; new electric, new independent boilers, updated windows and a ton of potential with an oversized unfinished basement. Unique square footage, first floor building dimensions are 20x97 and 2nd and 3rd floor building dimensions are 20x55 for a total of 4,140 finished square feet PLUS an additional 1100 sqft of unfinished basement. Current cap rate 5.3 % POTENTIAL FOR 6+% CAP zoning overlay C1-4.
    Exterior Features

    Architectural Style Store+Dwell Building Size 20X55 + 1ST FL Construction Materials FrameAluminum Siding Garage YN No Lot Features Near Public Transit Lot Size Dimensions 20X100 Parking Features NoneOn Street

    Interior Features

    Appliances OvenRefrigerator Basement FullUnfinished Cooling Window Unit(S) Cooling YN Yes Fireplaces Total 0 Heating Natural GasHot Water Interior Features Cathedral Ceiling(S) Number Of Kitchens 3 Rooms Total 25 Window Features Skylight(S)

    Property Features

    Inclusions RefrigeratorSecond Stove Lease Considered YN No Property Attached YN Yes Property Condition Very Good Property Sub Type Multi Family Property Type Residential Income Senior Community YN No Tax Annual Amount 6422.00 Water Source Public Zoning Description R6b

    Listing courtesy of Agatha Lubas of Re/Max City Square.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with Douglas Elliman. Data last updated: 2021-09-27T20:16:18.41.
     
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