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Ridgewood NY, 11385 $3,650,000

Multi Family For Sale 12 Beds , 4 Full Bath , 5 Half Bath  

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Details ML#: 3548046  

  • Style: Other
  • # of Families: 9
  • Year Built: 1931
  • Taxes: $31,753
  • Status:Active

Description

This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278, 544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each. Situated in zone R6B-C24, the property is NOT SUBJECT TO RENT CONTROL OR RENT STABILIZATION REGULATIONS. Nestled in the heart of Ridgewood, conveniently positioned between the L and M train lines, residents enjoy unparalleled access to amenities, public transportation, and thriving commercial hubs. Ridgewood’s allure as an exceptional city underscores the promising investment potential of this property.

More Property Details

Room Information

Bedroom: 12   Dining Room: 1   Full Bath: 4   Half Bath: 5   Other: 32  

Property Features

Lot Size: 0.06   Lot Sq Ft: 2400   Garage: 0.0   Parking Spaces: Yes   Parking Facilities: On Street  

Appliances & Utilities

Refrigerator: Yes   Heat: Natural Gas, Hot Water   A/C: Window Unit(s)   Freezer: Yes   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $31,753  

Local Area Information

School District#: 11   Block: 3449   Lot: 34  

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