863 Woodward Ave, Queens, NY 11385

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.

Property Features