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$1,299,000
Est. payment /mo
3,484 Sqft Lot
UPDATED:
08/30/2024 04:46 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3554117
Originating Board onekey
Rental Info No
Year Built 1930
Annual Tax Amount $28,000
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 36x100
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.
Location
State NY
County Queens
Zoning R6B
Interior
Heating Natural Gas
Fireplace No
Building
Story 4
Others
Special Listing Condition None
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Listed by Prime Realty • 718-229-2922
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Edwin Vela
Team Leader | License ID: 10401314488
Team Leader License ID: 10401314488