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6147 Woodbine St 8 Unit Apartment Building $4,885,720 CAD ($610,715 CAD/Unit) 8.29% Cap Rate Ridgewood, NY 11385

Apartment Buildings New York Ridgewood 6147 Woodbine St, Ridgewood, NY 11385

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INVESTMENT HIGHLIGHTS

  • Massive 36’ wide 8-family on beautiful residential block in Ridgewood, Queens
  • Seven of eight units are renovated and free market
  • Expect rents to grow into the mid $50s to $60 / SF over the next few years as Ridgewood continues to mature
  • 9,200 SF with 4 and 5 bedroom layouts
  • Pro forma rent roll over $375K/year, assuming conservative rental projections around $50/SF
  • Asking price of $3.75M, translates to a 7.5-8% cap going in, with the expectation of achieving double-digit returns in the coming years.

EXECUTIVE SUMMARY

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Price $4,885,720 CAD Apartment Style Mid-Rise
Price Per Unit $610,715 CAD Building Class C
Sale Type Investment Lot Size 0.08 AC
Cap Rate 8.29% Building Size 9,200 SF
No. Units 8 No. Stories 4
Property Type Multifamily Year Built 1930
Property Subtype Apartment
Zoning R6B
Price $4,885,720 CAD
Price Per Unit $610,715 CAD
Sale Type Investment
Cap Rate 8.29%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.08 AC
Building Size 9,200 SF
No. Stories 4
Year Built 1930
Zoning R6B

LINKS

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Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (85)
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PROPERTY TAXES

Parcel Number 03613-0035 Improvements Assessment $325,312 CAD
Land Assessment $6,939 CAD Total Assessment $332,250 CAD

PROPERTY TAXES

Parcel Number
03613-0035
Land Assessment
$6,939 CAD
Improvements Assessment
$325,312 CAD
Total Assessment
$332,250 CAD
(914) 584-7422

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38625973

  • Date on Market: 2025-12-02

  • Last Updated:

  • Address: 6147 Woodbine St, Ridgewood, NY 11385

The Multifamily Property at 6147 Woodbine St, Ridgewood, NY 11385 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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6147 Woodbine St
(914) 584-7422 x

6147 Woodbine St

DJ Johnston
(914) 584-7422

Evan Kashanian
(914) 561-8609

David Caba
(646) 802-0548

Robert Moore
(631) 807-4131

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