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  • $1,890,000

    716 Woodward Ave #5, Ridgewood, NY 11385

    11beds
    --sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ridgewood 5-Family Investment Property For Sale! Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house. Buyer can choose to keep tenants or vacant whole house.
    98 days
    on Zillow
    |
    230
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 14, 2025 at 10:03am

    Listing by:

    Chase Global Realty Corp 929-260-9118,

    Sophia X Yao

    Source: StreetEasy,MLS#: S1769645
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 716 Woodward Ave #5.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 7
    • Full bathrooms: 7
    Interior area
    • Total structure area: 0

    Property

    Details
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1930

    Community & HOA

    Community
    • Subdivision: Ridgewood
    HOA
    • Services included: Maintenance
    Location
    • Region: Ridgewood

    Financial & listing details

    • Date on market: 5/6/2025
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