ID # | 11213370 |
Construction Year | 1930 |
English Webpage | |
Bis (MTA) | 1 minit pou bis B38 |
4 minit pou bis B13 | |
6 minit pou bis Q58 | |
7 minit pou bis B52, B54 | |
8 minit pou bis B26, Q39, Q55 | |
9 minit pou bis B20 | |
10 minit pou bis Q54 | |
Tren anba tè | 5 minit pou tren M |
8 minit pou tren L | |
Tren (LIRR) | 2.1 mil pou "East New York" |
2.7 mil pou "Nostrand Avenue" | |
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.