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72-04 Forest Ave, Ridgewood, NY 11385

$ 2,150,000

72-04 Forest Ave,
,

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Property Id : 21444
Price: $ 2,150,000
Rooms: 25
Bedrooms: 10
Bathrooms: 5
Garages: 1
Basement: Full
Structure Type: Brick
Floors No: 3

About this property

Corner Brick Mixed-Use 5 Family + Store w/ Garage & Full Basement!

This is an Investor’s Dream! 5.7% CAP Rate! Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Ridgewood.

Just 5 mins to M train (Forest Ave)
3 blocks to Evergreen Park
7 blocks to the Rosemary’s Playground
Steps away from all shopping, boutiques, and groceries.

This income-producing property features:
– 5 Free Market Apartments (each are 2 Br/ 1 Bath)
– Commercial Store is approx. 800 sq. ft (tenants have a 5-year lease)
– All Apartments are in good condition, original wood floors that respect its pre-war character and charm: bright exterior, very high ceilings, hardwood floors, tall windows and so much more!
– Quiet building. Very well maintained.
– Full Basement
– 1 Car Garage
– Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer’s market on Saturdays.

Building: 25.92 x 79 ft
Lot: 25.92 x 100 ft
Zoning: R5B
FAR: 2.30; Max FAR: 2.0
Taxes: $18,590/Yr

Great Investment Opportunity!
Call TODAY for More Information!

Amenities and Features

Other Features
back yard
Corner property
Garage
hardwood floors
High Ceilings
storage
Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Michael Bifalco

Licensed Salesperson

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