453-455 Fairview Ave - Apartments FOR SALE


Ridgewood, NY 11385
$2,625,000 USD
917-453-1795
453-455 Fairview Ave, Ridgewood, NY for Sale
$2,625,000 USD
Apartments - FOR SALE
1/3
null | 4.84% Cap Rate

453-455 Fairview Ave
Ridgewood, NY 11385


OVERVIEW

Welcome to the Ridgewood section of Queens borderline Bushwick. The subject property consists of a renovated Vacant Three Family Brick Building, 3 Stories, Semi Detached, and parking lot with 5 indoor / 5 outdoor private parking spaces. The building is 20’ x 55’ (Approx. 3,300 SqFt) on a 50’ x 95’ lot (4,750 SqFt) and is Zoned R6B. In addition, this property offers the opportunity to build an additional 6,200 SqFt. Please consult with your architect to confirm what can be built. Conveniently located a few minutes away from the M Subway Line, offering quick and easy access to both Brooklyn and Manhattan. It is also situated within a short distance to an array of new restaurants, bars, cafes, and shopping. This well-maintained building offers endless opportunity for an end user or investor/developer looking to be part of this neighborhood in Ridgewood. Lot: 50 ft x 95 ft. Building: 20 ft x 55 ft. Approx. Building Sq Ft: 3,300. Ext. Annual Taxes: $11,595. Est. Gross Annual Income: $147,000. Built: 1940. Zoning: R6B. Stories: 3. Schedule appointments through listing agent Giuseppe Montalbano (347) 585-7953.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$795 USD /SF

# OF UNITS

3

PRICE/UNIT

$875,000

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Three Family and Buildable Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

03380-0011

ASK ABOUT THIS PROPERTY

Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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