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279 St Nicholas
Ridgewood, NY 11385

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Property Details

List Price: $1,600,000
Beds: 7
Baths: 5
Status: Active
SqFt: 3000

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Lot Size: --
Property Type: MultiFamily
Year Built: 1930
Notes: This three-story corner mixed-use building in prime Ridgewood consists of one store, three apartments, and a garage. Two apartments have three bedrooms and two bathrooms, and the other has one bedroom and one bathroom. All units are renovated with stainless steel appliances, including a dishwasher, and each has an in-unit washer and dryer. The vacant store is approximately 1,000 SF with about 18 FT of frontage and sits on a street that has excellent foot traffic. At 3,000 SF, the building measures 20' x 50' and sits on a 1,818 SF lot measuring 20' x 90.92.' It has the potential to produce a gross annual income of approximately $145,200.00 and has a 7.4 % potential cap rate. The building is located near Myrtle Avenue with lots of shopping and other conveniences and is just three blocks from the L and M trains at the Myrtle/Wyckoff station, 5 blocks from the M train at the Seneca Avenue station, and steps from multiple bus lines.

Listing Provided By: EVERGREEN REALTY & INVESTMENTS, original listing
Office Phone: (646) 838-1378
Agent Name: Emma Barattini
Disclaimer: Copyright © 2021 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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