612 Woodward Ave Ridgewood NY 11385

2 beautiful apartments over a gorgeous ground floor retail space packed with potential!

Prime Ridgewood location at the corner of Linden and Woodward , near

neighborhood icon Aunt Ginny’s.

•Very close to the Forest M subway stop.

•25×60ft building on a 25×89 lot.

•Two apartments upstairs in mint condition

•Ground floor is beautiful commercial space with 15 foot ceilings and beautiful details, formerly used as a church.

•Nice size backyard 25×29.

• Finished basement with above grade windows and doors/stairs on both front and back.

•New boiler and water heater. Perfect plumbing and electric with new panels.

•2 FAR permitted built out at 1.35, so 1440sf left to build on top if you like.

•Taxes roughly $4,000 a year.

•Delivered Vacant.

For Sale 612 Woodward Ave Ridgewood NY 11385

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes abrokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although allinformation furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no expressrepresentation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omission, change of price, rental or other conditions,prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

612 Woodward Ave Ridgewood NY 11385

PROFORMA

Store $5,000

Apt1 $2,700

Apt2 $2,500

Monthly $10,200

Yearly $122,400

Taxes $4,100

Insurance $3,000

Water/Sewer $2,700

Mgmt $4,896

Vacancy $3,672

Misc. $6,120

ExpensesTotal $24,488

NOI $97,912

612Woodward

25x88.58 Lot

2214.5 LotSF

2 FAR

4429 BuildableSF

2000 Asbuilt

2429 Lefttobuild

220 Priceperbuildable

RenoBudget $100,000AskingPrice $1,500,000

AskingCAPrate 6.12%

ASKING PRICE: $1,395,000