16-83 Woodbine ST Ridgewood, NY 11385 Pending

UPDATED: 12/04/2024 10:12 PM ON MARKET: 703 days on market

$3,000,000

12 Beds9 Baths

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID L3548046

Style Other

Bedrooms 12

Full Baths 4

Half Baths 5

HOA Y/N No

Rental Info No

Year Built 1931

Annual Tax Amount $31,753

Lot Dimensions 24x100

Property Sub-Type Multi Family

Source onekey2

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., Additional information: Interior Features:Lr/Dr