603 WOODWARD AVENUE

For Sale - Queens - Ridgewood

$2,350,000

Net Operating Income: $107,324

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Key Details

Property Type
Mixed Use
Neighborhood
Ridgewood
Property Dimensions
25.0 x 69.0
Property Area
5,175 sq.ft.
Total Units:
12
Stories:
3
NOI
$107,324
Price
$2,350,000
Price Per Unit
$195,833
Cap Rate
4.6%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of a 25’ wide, three-story mixed-use building consisting of 5,175 square feet, located on the Northside of Woodward Avenue between Grove Street and Linden Street in Ridgewood, Queens, NY. The property is comprised of one retail unit on the ground floor, eleven (11) apartments.

The property is situated in proximity to strong neighborhood retail along Woodward Ave, numerous MTA bus lines and Subway lines. The entire building is currently fully occupied, posing a prime investment opportunity.

Property Details

Block/Lot:
3392/12
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R6B
FAR as Built:
2.07
Max FAR:
2.0
Thomas DonovanB6 Real Estate Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
680 WOODWARD AVENUE$600,00006/06/2018Mixed Use
853 ONDERDONK AVENUE$3,060,00005/10/2018Mixed Use
65-12 METROPOLITAN AVE$1,130,00005/04/2018Mixed Use
1002 SENECA AVENUE$975,00004/27/2018Mixed Use
6835 FRESH POND ROAD$1,770,00004/18/2018Mixed Use
66-03 FRESH POND ROAD$1,400,00002/27/2018Mixed Use
10-89 CYPRESS AVENUE$726,00001/25/2018Mixed Use
68-31 FRESH POND ROAD$1,300,00001/12/2018Mixed Use
65-09 FRESH POND ROAD$431,55209/09/2016Mixed Use
60-43 MYRTLE AVENUE$250,00004/30/2016Mixed Use