Price Reduced 6.85%
Price History
$3,650,000
4/30/2024
$3,400,000
5/13/2024
16-83 Woodbine Street, Ridgewood, NY, 11385
54 rooms
12 beds
4 Full / 5 Half baths
1931
Other
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.
Status:
Active
Type:
Multi-family
Units:
9
Garage:
On Street
Heating:
Natural Gas, Hot Water
Cooling:
Window Unit(s)
Basement:
Partial, Walk-Out Access
Acreage:
0.06
Est. Taxes:
$31,753
Construction
Brick
Lot Description:
Corner Lot, Near Public Transit
Elementary School:
Ps 81 Jean Paul Richter
Middle School:
Is 77
High School:
Grover Cleveland High School
School District:
Community District 24
Appliances:
Freezer, Oven, Refrigerator
MLS #:
3548046
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of eXp Realty 888-276-0630