
1823 Bleecker St Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $11,332/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 2,500 Sq Ft Lot
Interior Spaces
- 6 Full Bathrooms
- 3-Story Property
Community Details
- Flushing Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
11/04/2024 11/04/24 | Price Changed | $1,750,000 | -4.1% | -- |
04/16/2024 04/16/24 | Price Changed | $1,825,000 | -1.4% | -- |
10/05/2023 10/05/23 | For Sale | $1,850,000 | -- | -- |
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Source: NY State MLS
MLS Number: 11213370

APN: 03434-0043
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