862 Woodward Ave #6, Ridgewood, NY, 11385
About This Home
Turnkey six (6) family building in prime Ridgewood, 7% cap rate, well-maintained, railroad style. 7 gas meters and 7 electric meters. Three 3-bedroom apartments and three 2-bedroom apartments. New roof replaced in 2022, new skylight, basement front entrance door, and new boiler in 2023. Close to 5,800 square feet of interior space, building size is 27.5x70, lot size is 27.5x100. Property tax is $19,650. Close to $130,000 great NOI, 7% cap rate. Excellent location, close to all. DHCR available upon request. Motivated seller.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1930
Type & Style
- Home type: SingleFamily
- Property subType: Rental Unit
Interior
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 6
- Full bathrooms: 6
Interior Area
- Total structure area: 5,775
- Total interior livable area: 5,775 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,821 | $81,852 |
| Home Insurance * | $356 | $4,272 |
| Property Taxes | $843 | $10,116 |
| Electricity | $954 | $11,452 |
| Total | $8,974 | $107,688 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Listed for sale | $1,349,000 |
View on Zillow