Discover an exciting investment opportunity in the vibrant and highly sought after Ridgewood area.


Property

Website:https://www.nestseekers.com/3290172
Address:
18-24 Cornelia Street
Ridgewood, NY 11386
Cross street:Onderdonk Avenue
Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 2742 sq ft

Financials

Price: $1,150,000
Annual Taxes: $17,628

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Description

Discover an exciting investment opportunity in the vibrant and highly sought-after Ridgewood area. Nestled in the heart of Ridgewood, this building is ideally located just three blocks away from the M train, surrounded by gift shops, bookstores, fine dining, bars, cafes, and bakeries. All units are currently occupied. This property boasts a prime location and excellent potential for growth. Recently, the total annual income surged to an impressive $113,148, while expenses stand at $38,552, resulting in a substantial net income of $74,596. Don't miss out on the chance to be part of the thriving Ridgewood community, voted 4th coolest neighborhood in the World in 2022.

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Crifasi Real Estate Inc