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1673 Woodbine St
Ridgewood, NY 11385

$2,600,000 USD

Apartments For Sale  •  5,600 SF

Property Details

• Property Type Apartments
• Total Building Size 5,600 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1930
• Cap Rate 7.99 %
• Zoning R6B

100 Transit Score

97 Walk Score

Highlights

27’ wide fully renovated and free market six family

Currently under leased, averaging $48/SF vs what should be $55+/SF.

What is now a ~7% cap will be an 8% cap in the near term

Protected tax class 2A

Download linked OM which contains current and projected rent rolls.

Cap Rate:

7.99 %

Amenities

• Yard
• Garden

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	6 min	-	2.7 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	11 min	-	3.6 mi
Transit/Subway	Drive	Walk	Distance
Seneca Avenue (M - New York MTA Subway (The Subway))	1 min	3 min	0.2 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	1 min	4 min	0.3 mi
Forest Avenue (M - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway))	2 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	7.3 mi
John F Kennedy International	17 min	-	10.6 mi
Newark Liberty International	33 min	-	17.8 mi