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$1,199,000
Est. payment /mo
2,739 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1041101
Rental Info No
Year Built 1930
Annual Tax Amount $19,553
Lot Size 2,739 Sqft
Acres 0.0629
Property Sub-Type Multi Family
Source onekey2
Property Description
Large 6-family building located in the heart of Ridgewood, just 1 minute walk to the M train station.
Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Potential for partial vacancy.
Building size 27.5' × 68' with approximately 5,600 SF of living space, plus a full walk-out basement.
Excellent long-term investment with strong rental demand and value-add opportunities.
Net Income 85,601/yr, Cap Rate 7.14%
Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Potential for partial vacancy.
Building size 27.5' × 68' with approximately 5,600 SF of living space, plus a full walk-out basement.
Excellent long-term investment with strong rental demand and value-add opportunities.
Net Income 85,601/yr, Cap Rate 7.14%
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
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Listed by Billion Homes Realty Corp • Xin Zhang
Nearby School & Business
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