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bedrooms
bedrooms
0
bathrooms
bathrooms
6
square feet
square feet
0
acreage
Acreage
0.0
open houses
Open Houses
-
year built
year built
1930
full baths
Full Baths
6
half baths
Half Baths
0
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
Subdivision -
County Queens
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 11213370
Listing agent: Emma Barattini
Listing broker: Evergreen Realty &Amp; Investments (646) 838-1378
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, January 15 2025 at 2:13 a.m. EST
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