A

16-83 Woodbine Street

Ridgewood NY, 11385

$3,400,000


A

12 Beds

9 Baths

Multi-family

Built in 1931

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.

3548046

MLS ID

April 30, 2024

Listed

May 13, 2024

Updated

Map

16-83 Woodbine Street
Ridgewood NY, 11385

Interior Features

Bedrooms

12


Total Bathrooms

9


Full Bathrooms

4


Half Bathrooms

5


Interior Features

Eat-in Kitchen, Entrance Foyer, Living Room/Dining Room Combo


Appliances

Freezer, Oven, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Hot Water

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Corner Lot, Near Public Transit


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

Queens 24


High School

Grover Cleveland High School


Elementary School

Ps 81 Jean Paul Richter

Other Property Details

Taxes

$31,753


Tax Frequency

Annually


Garage

No


Parking

On Street


View

No


County

Queens


Municipality

Queens


Water Source

Public


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

5/13/2024

Price Change

$3,400,000

-7%

Listed by Mustapha Kaddour  with EXP Realty
Listing Contact: 888-276-0630 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rosemarie Tucker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:10 PM UTC, 5/13/2024

  

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