16-77 Woodbine Street
New York, NY 11385

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,368,888
Annual Taxes:$19,554
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Mitra Hakimi Realty Group LLC

An excellent investment opportunity awaits at 16 77 Woodbine Street in Ridgewood, Queens, a six unit residential property with rent stabilized apartments in a well established neighborhood 5 OUT OF ...

Description

An excellent investment opportunity awaits at 16-77 Woodbine Street in Ridgewood, Queens, a six-unit residential property with rent-stabilized apartments in a well-established neighborhood (5 OUT OF 6 UNITS WILL BE DELIVERED VACANT!!!). The building features three residential floors, with two apartments on each floor, providing a practical multi-unit layout for investors seeking to expand their real estate portfolio. The property also includes a basement with recreation and utility areas. Situated in the vibrant Ridgewood community, residents can enjoy a variety of neighborhood restaurants, cafes, local shops, and everyday conveniences, along with nearby parks and the lively shopping and dining corridors of Myrtle and Fresh Pond Road. Public transportation is conveniently accessible within walking distance, including nearby M train service and local bus routes, providing connections throughout Queens and into Manhattan and Brooklyn. With its six residential units, established neighborhood setting, and rent-stabilized tenancy, this property presents an opportunity for investors seeking a multifamily asset in a well-connected New York City neighborhood. Buyers should independently verify all rent-stabilization status, leases, rental income, expenses, and building details during due diligence.

Amenities

  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.