Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !
- View of property
- Aerial view of property and surrounding area
- Entrance foyer featuring a wall unit AC and light wood-style floors
- Kitchen featuring white cabinets, appliances with stainless steel finishes, light wood-style flooring, recessed lighting, and dark countertops
- Aerial view of property's location
- Finished below grade area with a wall unit AC and recessed lighting
- Full bath featuring vanity, tile patterned floors, shower / washtub combination, and tile walls
- View of patio / terrace with a grill
- Map of property location
- Hall with a wall mounted air conditioner and light wood finished floors
- Kitchen with appliances with stainless steel finishes, white cabinets, light wood-style flooring, open shelves, and light countertops
- Aerial overview of property's location
- View of closet
- Full bathroom featuring tile walls, tiled shower / bath, and vanity
- Fenced backyard featuring a patio
- Aerial overview of property's location
- View of property
- Aerial view of property's location with property boundaries highlighted
Description
Calling All Investors, Developers, & End-Users!!! 6,500 Sqft. 6 Unit Apartment Building In Ridgewood For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B/C1-4 Zoning, High Ceilings, 6 Parking Spaces, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Ridgewood In Between Fresh Pond Road, Myrtle Avenue & Metropolitan Avenue!!! The Property Is Situated Minutes From Queens Center & The Metro Mall!!! Neighbors Include Chase Bank, TD Bank, Northwell Health, Extra Space Storage, Stop & Shop, BJ’s, Key Food, Raymour & Flanigan, Pep Boys, Enterprise Rent-A-Car, Hertz, Blink Fitness, Tiger Schulmann’s Martial Arts, Wendy’s, Taco Bell, CVS, Qdoba, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
1R (2 Br. Duplex): $37,200 Ann.; M-M
1L (2 Br. Duplex).: $48,000 Ann.; M-M.
2R (2 Br. Apt.): $43,800 Ann.; Lease Exp.: 8/31/25.
2L (2 Br. Apt.): $40,800 Ann.; M-M.
3R (2 Br. Apt.): $42,000 Ann.; Lease Exp.: 4/30/26.
3L (2 Br. Apt.): $40,800 Ann.; Lease Exp.: 7/31/25.
Gross Income: $252,600 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Hot Water Heater: $3,000 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $4,800 Ann
Insurance: $3,830 Ann.
Taxes: $15,096.40 Ann.
Total Expenses: $26,976.40 Ann.
Net Operating Income (NOI): $225,623.60 Ann. (6.45% Cap!!!)
Amenities
- Electricity Connected
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
