$1,675,000
Updated 2 years ago
Sold

863 Woodward Ave

Ridgewood, Queens | Cornelia Street & 68th Road

24 Rooms8 Beds4 Baths3,400 Square FeetMulti-Family

$1,675,000
floors / apts2 / 4
Lot Size26'x100'
Built Size25'5"x67'
ZoneR6B
Building TypeTownhouse
RE Taxes$10,596
Price Per SF
$493

This property was sold for $1,675,000 on 05/30/24.

Outdoor space and views

  • Backyard
  • Garden

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description for 863 Woodward Ave

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.

Listing History for 863 Woodward Ave

Now
05/30/2024
$1,675,000
Sold and Closed by Jeff L. Valcourt
Compass
04/17/2024
Contract Signed by Jeff L. Valcourt
Compass

Building Details for 863 Woodward Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts2/4
Learn More About the Building

Transit and Citi Bike

Subway

Forest Av
0.12 miles
Seneca Av
0.3 miles
Fresh Pond Rd
0.4 miles

Citi Bike

Catalpa Ave & Woodward Ave
0.05 miles
Madison St & Woodward Ave
0.14 miles

Contact Agent

Contact Agent

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 94552TH