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261 St Nicholas Ave, Ridgewood, NY 11385

$ 1,549,000

261 St Nicholas Ave,

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Property Id : 21984
Price: $ 1,549,000
Rooms: 10
Bedrooms: 8
Bathrooms: 5
Structure Type: Wood
Floors No: 3

About this property

Corner 2 Family + Store & Full Basement! Projected CAP Rate 9%!

Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Bushwick.
Just 4 blocks to the L & M trains (Myrtle-Wyckoff Ave);
5 blocks to the M line (Seneca Ave);
10 min walk to Maria Hernandez Park.
Steps away from all cafes, shopping, boutiques, and groceries.

This Property has huge potential! Delivered vacant!
1st Fl Commercial Space is built full on lot:
– Separate back office or extra storage room (17 x 18.5 ft)
– Tiled floors
– 2 Full bathrooms
2nd Fl Apt: 4BR/1.5BTH
– Original wood floor designed with respect to its pre-war character and charm
– Bright exterior
– Very high ceilings
– Tall windows
– Rooftop terrace off rear bedrooms
– W/D in unit
3rd Fl Apt: 4BR/1.5BTH
– Newly renovated unit
– Open concept layout
– Customized kitchen w/ backsplash
– Linoleum floors but original hardwood floors underneath
– Recessed lighting
– 12 ft ceiling height

Other features include: Separate meters in the basement for each apartment; Full semi-finished basement; Quiet building; Very well maintained.

Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer’s market on Saturdays.

Building: 20 x 48 ft
Lot: 20 x 90.92 ft
Zoning: R6B
FAR: 2.13; Max FAR: 2
Taxes: $3,855/Yr

Great Investment Opportunity! 
Call us for Additional Information.

Amenities and Features

Corner property
hardwood floors
High Ceilings

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