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Type:
Multifamily
Sq Ft:
2,900
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to present the exclusive offering of 479 Woodward Avenue in Ridgewood, Queens.
This well-located 4-unit multifamily property offers a steady income with significant value-add potential. The building consists of four spacious units, with one unit currently vacant—ideal for owner-occupancy or for renovating to increase to market rent. The remaining three units are occupied on month-to-month leases, providing flexibility for rent adjustments or future renovations.
This setup presents a clear path to reposition the asset and enhance overall cash flow.
Whether you’re looking to renovate and raise rents or hold for long-term appreciation, this property offers strong fundamentals and built-in upside.
The property is located within walking distance from the L and M subway lines.
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Block & Lot:
03388-0008
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Neighborhood:
Ridgewood
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Cross Streets:
Harman Street & Greene Avenue
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Building Dimensions:
Approx 25 ft x 55 ft
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Lot Dimensions:
25 ft x 100 ft
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Units:
4
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Total Approx. SF:
2,900
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Zoning:
R6B
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FAR:
2
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Tax Class:
2A
