Property 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.

Property Features

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