Price Reduced 17.81%

$3,000,000

Pending

Est. Mortgage $14,777/mo *

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Price History

$3,650,000
4/30/2024

$3,400,000
5/13/2024

$3,000,000
7/19/2024

16-83 Woodbine Street, Queens, (Ridgewood), NY, 11385

16-83 Woodbine Street, Queens, (Ridgewood), NY, 11385
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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:

Pending

Town:

Queens

Type:

Multi-family

Units:

9

Heating:

Natural Gas, Hot Water

Cooling:

Window Unit(s)

Basement:

Partial, Walk-Out Access

Parking:

On Street

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

Days on Market:

119

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