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16-83 Woodbine Street Ridgewood, NY $ 3,400,000
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$ 3,400,000 Get more info
16-83 Woodbine Street
$ 3,400,000
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16-83 Woodbine Street

Ridgewood, NY, 11385
$ 3,400,000
Bedrooms12 Baths4.5 Sq 2,400

Monthly Estimate*

$ 23,750

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Multi-Family Home for sale in Ridgewood, NY

for $3,400,000 with 12 bedrooms and 4 full baths, 5 half baths. This 2,400 square foot home was built in 1931 on a lot size of 0.06.

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.

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Multi-Family Active

Price

$ 3,400,000

Bedrooms

12

Full Bath

4

Half Bath

5

Property Type

Multi-Family

Taxes

$ 31,753

Style

Lot Size

0.06

Year Built

1931

Town/City

Ridgewood

County/Region

Queens

MLS | Web ID

3548046
Features
Interior
Basement Partial Walk-Out Access
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General
Architectural Style Other
High School Grover Cleveland High School
High School District Queens 24
Elementary School Ps 81 Jean Paul Richter
Middle/Junior High School Is 77
Middle/Junior School District Queens 24
Elementary School District Queens 24
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* Excluded Features
List By
Mustapha Kaddour

Listing Agent

Exp Realty

Broker

mkaddourexp@gmail.com

Email

Affordability Calculator

$26,396
Per Month
90%
10%
0%
Monthly Principal & Interest
$23,750
Monthly Property Taxes
$2,646
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4098981 Elementary School
4098700 Middle School
Grover Cleveland High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$3,400,000 -6.85% Price Down
4/30/2024$3,650,000 Listed Price

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16-83 Woodbine Street, Ridgewood, NY, 11385 is a Multi-Family Home for sale at $3,400,000 with 2,400 sqft and a lot size of 0.06. 16-83 Woodbine Street has 12 bedrooms, 4.5 baths, and was built in 1931. The property's zip code is 11385 which is in Ridgewood, NY

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