Report Listing

Home For Sale

$1,850,000

18-23 Bleecker St
Ridgewood, New York, United States

6bd 6ba

Listed By: Realtyww Info

Listed On: 05/07/2023

Listing ID: GL10607744 View More Details

Description

This semi-detached six-family building in Ridgewood features 1, 400 SF of unused air rights, a high rent roll, and excellent air and light. The building consists of three free-market units and three rent-stabilized units. All units have one bedroom, one bathroom and beautiful hardwood flooring and some are fully renovated with dishwashers and washer/dryers. Three storeys high, the building is 3, 600 SF and measures 20' x 60.' It sits on a 2, 500 SF lot measuring 25' x 100.' The building has the potential to produce a gross annual income of approximately $155, 435.04 and has a 6.16% potential cap rate. The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue. This is an excellent opportunity to get a 50% free-market building with a high rent roll and air rights in prime Ridgewood.

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Listed by: Evergreen Realty Investments
Source: The World Property Journal

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