About this property
X-Large Brick 6 Family w/ 2 Free Marker Apts in Prime Ridgewood!
Building is located in Ridgewood’s trendy section.
– Just 1 Block to the Seneca M
– 2 blocks to Myrtle-Wyckoff L Trains All
Apartments are in excellent condition.
Each Apt: 3 Br/1 Bath.
Total: 18 Br/ 6 Bath.
Full Basement: great for storage!
1L*: Owner Occupied. (Projected Rent: $2,200/mo) (Free Market)
1R*: Vacant (Projected Rent: $2,200/mo) (Free Market)
2L: $1,126/mo (Lease ends 08/19)
2R: $1,134/mo (Lease ends 05/19)
3L: $1,147/mo (Lease ends 08/19)
3R: $1,020/mo (Lease ends 06/19)
*Apts 1L & 1R are Free Market & will be delivered VACANT. The rest are rent stabilized.
Actual Rent: $105,924/Yr (w/Projected Rents for 1L & 1R)
Expenses: 24,651/ Yr (Taxes: $12,251, Water: $6,000, Heat $3,000, Insurance $3,000, Electric $400)
CAP RATE: 5% (w/ Projected Rent for 1L & 1R)
Building: 28 x 68 ft
Lot: 28 x 100 ft
FAR: 2.04; MAX FAR: 2
Great Investment Property!
Call TODAY for More Information!