2012 Harman St Ridgewood, NY 11385

When you're looking to invest in the New York City real estate market, what provides a better return than a non-stabilized, four unit property in a burgeoning area like Ridgewood? This 25 FT wide by 50 FT deep, two story multifamily is primed, vacant and ready for a cosmetic overhaul with an opportunity to capture unrealized value. Each unit is currently arranged as a two bedroom, railroad apartment. With adjustment, the layout can be reconfigured into a more efficient use of space with separate bedrooms, a modern and open, dual living/kitchen area and the refinishing of unutilized space in order to generate a more lucrative rent roll. If your intention is to reside in the property and allow the other three units to pay your mortgage and generate a passive income, even better. The property is accessible to both the M train at Forest Avenue and the L train at Dekalb Avenue, Wyckoff Hospital, Grover Cleveland Park and a variety of cafes, restaurants and other amenities. Please inquire for a projected income and expense report or to arrange a viewing.