ID # | 11213370 |
Construction Year | 1930 |
English Webpage | |
Bus (MTA) | 1 minuto tungong bus B38 |
4 minuto tungong bus B13 | |
6 minuto tungong bus Q58 | |
7 minuto tungong bus B52, B54 | |
8 minuto tungong bus B26, Q39, Q55 | |
9 minuto tungong bus B20 | |
10 minuto tungong bus Q54 | |
Subway | 5 minuto tungong M |
8 minuto tungong L | |
Tren (LIRR) | 2.1 minuto tungong "East New York" |
2.7 minuto tungong "Nostrand Avenue" | |
This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light. The building consists of three free-market units and three rent-stabilized units. All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers. At three stories high, the building is 3,600 SF and measures 20' x 60'. It sits on a 2,500 SF lot measuring 25' x 100.' The building has the potential to produce a gross annual income of approximately $187,594 and has a 8.61% potential cap rate. The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue. This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.