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16-83 Woodbine Street
Ridgewood, NY 11385

Residential Multi Family (N/A)

0.06 Acres
0 Sqft Living Area

12 Bedrooms

9 Bathrooms (4 Full, 5 Half)

Year Built: 1931

$3,000,000

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Property Description

This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278,544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each. Situated in zone R6B-C24, the property is NOT SUBJECT TO RENT CONTROL OR RENT STABILIZATION REGULATIONS. Nestled in the heart of Ridgewood, conveniently positioned between the L and M train lines, residents enjoy unparalleled access to amenities, public transportation, and thriving commercial hubs. Ridgewood's allure as an exceptional city underscores the promising investment potential of this property.

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Contact Details

Name: Mustapha Kaddour

Email: mkaddourexp@gmail.com

MLS Listing Id: 3548046

Agent Phone: (201) 875-7953

List Agent License:

Office Name: EXP Realty

Office Phone: (888) 276-0630

Office MLS Id: EXP05

Listing Status: Active

Listing URL: https://www.realtor.com/realestateandhomes-detail/1683-Woodbine-St_Ridgewood_NY_11385_M95202-85489?f=listhub&s=MLSLINY&m=3548046&c=openhousinc

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