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1719 Woodbine St 18 Unit Apartment Building $985,000 ($54,722/Unit) 8.50% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Under a million
- 2 Free market units extremely well maintained
- Best part of Ridgewood close to hospitals
Executive Summary
1719 Woodbine Street is an active multifamily investment property in Ridgewood, Queens, currently on the market as part of a high-cash-flow package deal. Built in 1930, the 3-story walk-up building features 6 total apartments across approximately 5,600 square feet. The property is aggressively priced at $985,000
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,198
|
$23.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,198
|
$23.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$47,922
|
$8.56
|
| Net Operating Income |
$84,276
|
$15.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $132,198 |
| Annual Per SF | $23.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,198 |
| Annual Per SF | $23.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $47,922 |
| Annual Per SF | $8.56 |
| Net Operating Income | |
|---|---|
| Annual | $84,276 |
| Annual Per SF | $15.05 |
Property Facts
| Price | $985,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $54,722 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.50% | Building Size | 5,600 SF |
| No. Units | 18 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price | $985,000 |
| Price Per Unit | $54,722 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| No. Stories | 6 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03456-0046 | Improvements Assessment | $174,202 (2026) |
| Land Assessment | $3,274 (2026) | Total Assessment | $177,476 (2026) |
Property Taxes
Parcel Number
03456-0046
Land Assessment
$3,274 (2026)
Improvements Assessment
$174,202 (2026)
Total Assessment
$177,476 (2026)
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1719 Woodbine St