1823 Bleecker St - Apartments FOR SALE


Ridgewood, NY 11385
$1,750,000 USD
646-373-7944
1823 Bleecker St, Ridgewood, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 6.29% Cap Rate

1823 Bleecker St
Ridgewood, NY 11385


HIGHLIGHTS

  • 50% Free Market
  • Air Rights
  • Air and Light semi detached

OVERVIEW

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 washers/dryers. At three stories 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 $187,594 and has a 8.61% 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 invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

6.29%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6B

APN/PARCEL ID

03434-0043

ASK ABOUT THIS PROPERTY

Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.