$1,750,000
$100K PRICE DROP

Estimated payment $11,332/month

Total Views 35,367
-- Bed
6 Baths
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Emma Barattini

EVERGREEN REALTY & INVESTMENTS Listed on: 10/05/2023

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • InteriorAmps: 0
  • LastPriceValue: 1.825E6
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Ridgewood
  • PropertyTownship: Queens
  • Prop. Type: Multi-Unit (5+)
  • PropertyZipCode: 11385
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 0

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 2500
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 -- --
Source: NY State MLS

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Source: NY State MLS

MLS Number: 11213370

NY State MLS

APN: 03434-0043