612 Woodward Ave Ridgewood NY 11385 · 612 Woodward Ave Ridgewood NY 11385. 2beautiful apartments...
Transcript of 612 Woodward Ave Ridgewood NY 11385 · 612 Woodward Ave Ridgewood NY 11385. 2beautiful apartments...
612 Woodward Ave Ridgewood NY 11385
2 beautiful apartments over a gorgeous ground floor retail space packed with potential!
Prime Ridgewood location at the corner of Linden and Woodward , near
neighborhood icon Aunt Ginny’s.
•Very close to the Forest M subway stop.
•25×60ft building on a 25×89 lot.
•Two apartments upstairs in mint condition
•Ground floor is beautiful commercial space with 15 foot ceilings and beautiful details, formerly used as a church.
•Nice size backyard 25×29.
• Finished basement with above grade windows and doors/stairs on both front and back.
•New boiler and water heater. Perfect plumbing and electric with new panels.
•2 FAR permitted built out at 1.35, so 1440sf left to build on top if you like.
•Taxes roughly $4,000 a year.
•Delivered Vacant.
For Sale 612 Woodward Ave Ridgewood NY 11385
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes abrokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although allinformation furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no expressrepresentation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omission, change of price, rental or other conditions,prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
612 Woodward Ave Ridgewood NY 11385
PROFORMA
Store $5,000
Apt1 $2,700
Apt2 $2,500
Monthly $10,200
Yearly $122,400
Taxes $4,100
Insurance $3,000
Water/Sewer $2,700
Mgmt $4,896
Vacancy $3,672
Misc. $6,120
ExpensesTotal $24,488
NOI $97,912
612Woodward
25x88.58 Lot
2214.5 LotSF
2 FAR
4429 BuildableSF
2000 Asbuilt
2429 Lefttobuild
220 Priceperbuildable
RenoBudget $100,000AskingPrice $1,500,000
AskingCAPrate 6.12%
ASKING PRICE: $1,395,000