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$ 1,600,000
Est. payment | /mo
$ 1,600,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 880906
Rental Info No
Year Built 1930
Annual Tax Amount $7,082
Property Sub-Type Duplex
Source onekey2
Property Description
This property in Ridgewood is a remarkable investment opportunity! Here's a streamlined summary of the key features:
Location: Prime Ridgewood area, vibrant and bustling, ideal for both commercial and residential use.
Property Overview:
First Floor: Pharmacy, providing a steady income stream.
Second Floor: Newly renovated three-bedroom, one-bathroom unit, currently vacant and ready for new tenants.
Third Floor: Three-bedroom, one-bathroom unit (excellent tenant),ensuring consistent rental income.
Basement: Separate entrance with flexible usage, currently vacant.
Utilities: The property has 3 electricity meters and 3 gas meters, along with a new boiler and new roof, minimizing future maintenance costs.
Income Potential: Overall rental income can reach up to $120,000 annually, translating to approximately $10,000/month.
Return on Investment: Impressive annual return rate of over 7%.
Transportation: Convenient access with Bus B20 and a subway station just a 6-minute walk away, providing direct connections to Manhattan and Brooklyn.
Nearby Amenities: Close proximity to supermarkets, banks, restaurants, and other shopping conveniences.
This combination of commercial viability and residential appeal, along with its strategic location, makes this property a strong candidate for investment.
Location: Prime Ridgewood area, vibrant and bustling, ideal for both commercial and residential use.
Property Overview:
First Floor: Pharmacy, providing a steady income stream.
Second Floor: Newly renovated three-bedroom, one-bathroom unit, currently vacant and ready for new tenants.
Third Floor: Three-bedroom, one-bathroom unit (excellent tenant),ensuring consistent rental income.
Basement: Separate entrance with flexible usage, currently vacant.
Utilities: The property has 3 electricity meters and 3 gas meters, along with a new boiler and new roof, minimizing future maintenance costs.
Income Potential: Overall rental income can reach up to $120,000 annually, translating to approximately $10,000/month.
Return on Investment: Impressive annual return rate of over 7%.
Transportation: Convenient access with Bus B20 and a subway station just a 6-minute walk away, providing direct connections to Manhattan and Brooklyn.
Nearby Amenities: Close proximity to supermarkets, banks, restaurants, and other shopping conveniences.
This combination of commercial viability and residential appeal, along with its strategic location, makes this property a strong candidate for investment.
Location
State NY
County Queens
Rooms
Basement Bilco Door(s), Full
Interior
Interior Features Entrance Foyer, High Ceilings
Heating Baseboard
Cooling Air Purification System
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
Listed by Royalux Realty LLC
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