$1,675,000
$1,675,000
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8 Beds
4 Baths
3,400 SqFt
SOLD DATE : 05/30/2024
Key Details
Sold Price $1,675,000
Property Type House
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $492
Subdivision Ridgewood
MLS Listing ID COMP-1518308788782135969
Sold Date 05/30/24
Style Walk-Up
Bedrooms 8
Full Baths 4
HOA Y/N Yes
Year Built 1930
Annual Tax Amount $10,596
Property Description
863 Woodward Avenue is a 4-unit, turnkey investment property located on the border of the Central Ridgewood Historic District.
The building has been renovated and meticulously maintained. It features a shared backyard with direct access from the first-floor apartments, as well as a laundry room and storage lockers in the basement.
The building measures 25.5' x 67', totaling approximately 3,400 square feet. The roof, mechanicals, windows, and facades are all in excellent condition. Additionally, each unit is individually metered for electricity and cooking gas. This is an ideal opportunity for a 1031 exchange or a savvy end user to offset their mortgage.
Investment highlights:
-4 tastefully renovated two-bed free market apartments
- Tax class 2A, limiting property tax increases
-Located on tree-lined residential block
-Just 2 blocks to the Forest M train stop, or 0.5 miles to the L train at Myrtle/Wyckoff
-Surrounded by popular venues and restaurants such as TV Eye, Cozy Corner, Rolo's, and many more
*For the complete property setup and financials, please contact the listing broker directly.
Location
State NY
County Queens
Rooms
Basement Full
Ensuite Laundry Common Area, See Remarks
Interior
Interior Features Granite Counters, Walk-In Closet(s)
Laundry Location Common Area,See Remarks
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Stainless Steel Appliance(s)
Laundry Common Area, See Remarks
Exterior
Exterior Feature Private Yard
Private Pool No
Building
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $883
Pets Description Building No, Cats OK, Dogs OK
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RLS Data display by Elegran | Forbes Global Properties
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