Three Family (two over one) available for sale on a great block near transportation in Ridgewood. Built on a 25 by 100-foot lot, the building dimensions are 25 x 60 x 2 floors or approximately 2,600 square feet plus a semi-finished basement and garden at the rear of the property. The Property may be delivered vacant after August 31, 2023.
The current configuration is one first floor apartment (vacant) with three bedrooms and one bathroom. The second floor is two apartments with two bedrooms and one bath room.
The Property needs work, and an opportunity exists for the new owner to capitalize on the unique width and depth of the property to maximize the light and layouts of these apartments and bring them up to 2023 value and rents. Pro-forma rents in the neighborhood are approximately $2,200 for two-bedroom one-bathroom apartments and $4,500 for garden three-bedroom apartments. The current real estate taxes are $6,898 annually.
The location is approximately five blocks from the L & M trains at the Myrtle-Wyckoff Avs Station.
- pets allowed