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$ 2,350,000
Est. payment | /mo
1,999 Sqft Lot
$ 2,350,000
Est. payment | /mo
1,999 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 841957
Rental Info No
Year Built 1930
Annual Tax Amount $20,525
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Multi Family
Source onekey2
Property Description
STRONG CASH FLOW & DIVERSE INCOME STREAM- This Brick Building Offers ONE COMMERCIAL Store Front & FIVE FREE MARKET RESIDENTIAL APARTMENTS. Ridgewood Is Recognized For It's RAPID GROWTH And Various New Construction And Condo Conversions So Don't Miss This Armchair Investment Opportunity In A Market Where MIXED- USE PROPERTIES Rarely Become Available. With All Rents Currently Below Market Value There Is Substantial Value-Add Opportunity & Significant Upside Potential For Future Appreciation. By Improving Leasing And Raising The Rents To Current Market Rate There Is A Chance For A Cap Rate Over 10%.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 239
Middle Schools Is 77
High Schools Grover Cleveland High School
Others
Special Listing Condition None
Listed by Exit All Seasons Realty
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