677 Grandview Ave - Apartments FOR SALE


Ridgewood, NY 11385
$1,188,888 USD
718-609-0800
677 Grandview Ave, Ridgewood, NY for Sale
$1,188,888 USD
Apartments - FOR SALE
1/18
null | 7.57% Cap Rate

677 Grandview Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • Historic
  • Partially Renovated
  • Centrally Located

OVERVIEW

RENTERS HAVEN! LARGE BUILDING 34X65! 9 FAMILY WITH FULL BASEMENT! BRICK! *Located in a Historically Significant Building composed of 3 large properties, 677 Grandview Ave sits in its Center. Beautiful architecture as well as close proximity to multiple means of travel make this property desirable to both renters as well as investors.* 1st Floor: (4) Studio/One Bedroom Apts 2nd Floor: (2) Two/ Flex Three Bedroom Apts 3rd Floor: (2) One Bedroom Apts and (1) Two/ Flex Three Bedroom Apt Full Basement SHORT WALK TO THE FOREST AVE M-LINE AND MYRTLE WYCKOFF M/L-LINE! THIS IS A FULLY FUNCTIONAL…TURN KEY…INCOME PRODUCER IN RIDGEWOOD, QUEENS Renters LOVE: - Only a 5 Minute walk to the Forest Ave M-Line Subway. - The walkability of a neighborhood that is fully equipped with what you need just a corner away. - Restaurants, Bars, and Everything In Between. - A Pet-Friendly neighborhood that has been experiencing a wave of Brooklyn Renters looking for a place to call home. *Local Brooklyn Renters have been getting increasingly frustrated with high Brooklyn Rents flooding Ridgewood with a growing art scene and cultured ideas.* Investors LOVE: - This is an Excellent Rent Roll Opportunity to own a middle property in the Iconic "Matthews Model Flats", the apartment houses that served as Ridgewood's Foundation. Groceries, Delis, Pharmacies, Dining, Bars, Hair and Nails…if your renter needs it…they will find it! -What Makes this Renters Haven Heavenly is the Commutability: -WALKING DISTANCE TO THE SUBWAY: Forest Avenue M-Line is only 5 Minutes Away and Myrtle Wyckoff M/L Line is only 15 Minutes away -WALKING DISTANCE TO THE BUSES: B13, B20, Q39, Q58, - This is a 9 Unit Building and 2 units will be delivered VACANT -This is a Rent Stabilized Building, all Renters are On-Time -*STRATEGY*: By being a center unit Property you give yourself an opportunity to be the 1st to purchase the properties left and right of 677 Grandview Ave...giving you a bigger opportunity to own the Triangle. - LOCATION, LOCATION, LOCATION! Other Important Details: Built in 1914/ Landmarked Building is R6-B Zoning Building Size: 34X65 Lot Size: 34X65.75 Taxes: $27,188.12 Annually 15 Beds/ 9 Baths 2,210 sqft per floor. Total Building is about 8,840 sqft I COBROKE! BRING YOUR BUYERS! Buyers must perform own due diligence. All info deemed accurate but not reliable.

FOR SALE DETAILS

PRICE

$1,188,888 USD

PRICE/SF

$204 USD /SF

# OF UNITS

9

PRICE/UNIT

$132,099

CAP RATE

7.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

03488-0003

ASK ABOUT THIS PROPERTY

Amberly SclarBLT Minimax Realty IncMore Info
718-609-0800

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Amberly SclarBLT Minimax Realty IncMore Info
718-609-0800

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