Listed by Highcap Group
$1,999,000
FREE MARKET MIXED USE | 8.6% CAP
Details
Property Type Mixed Use
Sub Type multifamily, retail
Square Footage 4,400
Cap Rate 8.54%
NOI $170,800
Occupancy 100%
Price per SqFt $454
Stories 2
Lot Size (SqFt) 2,400
Zoning R5D
PRIME RIDGEWOOD | TAX CLASS: 2A
Marketing description
Prime Ridgewood, Queens Location | Tax Class: 2A | 8.6% CAP
· 2-story Mixed Use building with 2 Free Market Apartments + 1 Office + 1 Store
· 4,400 SF
· Triangle shaped property with frontage on all sides
· Apartments delivered vacant
· Tax Class: 2A
· Store was leased for 10 years in 7/2022 with 3% increase/year
Investment highlights
Prime Ridgewood, Queens Location | Tax Class: 2A | 8.6% CAP
· 2-story Mixed Use building with 2 Free Market Apartments + 1 Office + 1 Store
· 4,400 SF
· Triangle shaped property with frontage on all sides
· Apartments delivered vacant
· Tax Class: 2A
· Store was leased for 10 years in 7/2022 with 3% increase/year
Listing Contacts
Listed by Highcap Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,800.00
$14,233.33/mo
Valuation Metrics
0
DSCR
8.54%
Cap Rate
8.54%
ROI
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