Listed by Highcap Group
$1,759,000
PRIME RIDGEWOOD, FREE MARKET MIXED-USE | 7.5% CAP
Details
Property Type Mixed Use
Sub Type residential and commercial
Square Footage 3,299
Units 3
Cap Rate 7.52%
NOI $132,241
Occupancy 100%
Price per SqFt $533
Lot Size (SqFt) 1,700
Tax Class: 2A | USER/INVESTOR OPPORTUNITY
Marketing description
Prime Ridgewood Queens Location
Just off busy Myrtle Avenue nearby national retailers, nearby the M subway
3,300 SF Building + 1,100 SF Basement & rear yard, 1 store + 2 FM apartments
Owner occupied property and Delivered 100% Vacant
Tax Class: 2A, Roof, Electricity renovated in 2023
Gross Income: $149k, Net Income: $132k (projected)
(7.5% CAP Rate)
Investment highlights
Prime Ridgewood Queens Location
Just off busy Myrtle Avenue nearby national retailers, nearby the M subway
3,300 SF Building + 1,100 SF Basement & rear yard, 1 store + 2 FM apartments
Owner occupied property and Delivered 100% Vacant
Tax Class: 2A, Roof, Electricity renovated in 2023
Gross Income: $149k, Net Income: $132k (projected)
(7.5% CAP Rate)
Listing Contacts
Listed by Highcap Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,241.00
$11,020.08/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
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