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577 Woodward Avenue

Ridgewood, NY 11385
  • $1,435,000
  • STATUS: Active
  • ON SITE: 126 Days
  • MLS #: 3321433
UPDATED: 119 min ago
$1,435,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

Mixed use property (S2), features 1st floor commercial space currently rented to a record store at $1500 a month - lease. Additionally, 3 residential units: 1st floor unit - 3 bedroom 1.5 bath $2400/mo 1 year lease. 2nd floor unit - 3 bedroom 1 full bath $1750/mo - no lease. 3rd floor unit - 3 bedroom 1 bathroom apartment paying $2100 1 yr lease. Total annual rent roll is currently 93k a year. Building is fully updated; new electric, new independent boilers, updated windows and a ton of potential with a oversized unfinished basement. Unique square footage, first floor building dimensions are 20x97 and 2nd and 3rd floor building dimensions are 20x55 for a total of 4,140 finished square feet PLUS an additional 1100 sqft of unfinished basement. Current cap rate 5.3 % POTENTIAL FOR 6+% CAP zoning overlay C1-4.

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© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2021-10-19T00:16:44.437.
www.nicoleburkehomes.com/homes/118224578
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577 Woodward Avenue Ridgewood, NY 11385

  • Price: $1,435,000
  • Status: Active
  • Updated: 119 min ago
  • MLS #: 3321433
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1910
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
Mixed use property (S2), features 1st floor commercial space currently rented to a record store at $1500 a month - lease. Additionally, 3 residential units: 1st floor unit - 3 bedroom 1.5 bath $2400/mo 1 year lease. 2nd floor unit - 3 bedroom 1 full bath $1750/mo - no lease. 3rd floor unit - 3 bedroom 1 bathroom apartment paying $2100 1 yr lease. Total annual rent roll is currently 93k a year. Building is fully updated; new electric, new independent boilers, updated windows and a ton of potential with a oversized unfinished basement. Unique square footage, first floor building dimensions are 20x97 and 2nd and 3rd floor building dimensions are 20x55 for a total of 4,140 finished square feet PLUS an additional 1100 sqft of unfinished basement. Current cap rate 5.3 % POTENTIAL FOR 6+% CAP zoning overlay C1-4.
Exterior Features

Building Size 20X55 + First Fl Business Parking Spaces 0 Lot Size Dimensions 20X100

Interior Features

Ceiling Height -

Property Features

Business Type Mixed Gross Income 93000.00 Net Operating Income 77307.00 Operating Expense 14773.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 3391 Zoning Description R6b

Listing courtesy of Agatha Lubas of Re/Max City Square.
© 2021 OneKey MLS. All rights reserved.


© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2021-10-19T00:16:44.437.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803