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Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYL3554117
Year Built 1930
Annual Tax Amount $28,000
Property Sub-Type Multi Family
Property Description
Rare opportunity to own an oversized legal 8 family brick building in the heart of Ridgewood. 9200 SF of interior square footage. 8 Huge 2 bedroom apartments with high ceilings. New boiler and hot water. There are 6 current leases and 2 available units offering great upside potential. Gross annual income for currently occupied 6 Units: $97,933 & Total annual Expenses: $61,000. Current Net Income: $36,933. Apt. Number 1L is vacant, market rate, with projected income $3000/ month. This ground floor unit has access to rear patio & garden. Apartment 2L, $700/month no lease. Projected net income with 8 units rented, $81,333. DHCR available upon request., Additional information: Rental Income:N,vac_perc:12, Building Size:9200
Location
State NY
County Queens
Interior
Heating Natural Gas
Building
Story 4
Others
Special Listing Condition None
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Bought with Prime Realty