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$1,750,000
Est. payment /mo
6 Baths
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11213370
Full Baths 6
Year Built 1930
Lot Size 2,500 Sqft
Property Description
This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light. The building consists of three free-market units and three rent-stabilized units. All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers. At three stories high, the building is 3,600 SF and measures 20' x 60'. It sits on a 2,500 SF lot measuring 25' x 100.' The building has the potential to produce a gross annual income of approximately $187,594 and has a 8.61% potential cap rate. The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue. This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.
Location
State NY
County 36081
Rooms
Dining Room 0
Kitchen 0
Building
Story 3
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