About this property
OPEN HOUSE: 7/21 (Sunday) 12 – 1:30 PM
X-Large Brick 6 Family in Prime Ridgewood!
Building is located in Ridgewood’s trendy section.
Just 2 Blocks to the Seneca M; 8 min to the Myrtle-Wyckoff L Trains.
All Apartments are in excellent condition.
Each Apt: 3Br/1 Bath.
Total: 18 Br/ 6 Bath.
1L: Free Market, No Lease.
Actual Rent $1,650/mo. Potential Rent: $2,400/mo
1R: Rent Stabilized. Lease ends 04/20
2L: Rent Stabilized. Lease ends 04/20
2R: Free Market, No Lease.
Actual Rent $1,300/mo. Potential Rent: $2,400/mo
3L: Rent Stabilized.
Rent Regulated Rent: $1,967/mo; Potential Rent: $2,500/mo
Actual Rent: $87,216/Yr
Potential Rent: $116,412/Yr
Expenses: approx. $25K/Yr
CAP RATE (w/ 1 Vacancy): 4.18%
PROJECTED CAP RATE: 6.14%
Shared Roof & Backyard
Full Basement: great for storage!
Building size: 27.25 ft x 68 ft;
Lot size: 27.25 ft x 100.08 ft;
FAR: 2; MAX FAR: 2