
9% CAP, 100% LEASED, FULLY EQUIPPED AND FURNISHED
RIDGEWOOD MEDICAL CONDO OFFICE | 5,870 SF + 2 PARKING SPACES
Marketing description
RIDGEWOOD MEDICAL CONDO|LOWER-LEVEL UNIT, FULLY EQUIPED & FURNISHED | CAP: 9% | 3% Assumable Mortgage
1 condo unit, 6 tenants, 5,870 SF with 2 parking spaces
Single, low level, subdivided, furnished, equipped doctor condo unit
Steps to the L & M lines at Myrtle Avenue-Wyckoff Avenue station
Invested about $700,000 in improvements, furniture, equipment, ADA elevator
$391/SF
NOI: $185,124, CAP: 9%
Seller has $300,000 transferable/assumable mortgage at 3% with 2035 maturity
Investment highlights
RIDGEWOOD MEDICAL CONDO|LOWER-LEVEL UNIT, FULLY EQUIPED & FURNISHED | CAP: 9% | 3% Assumable Mortgage
1 condo unit, 6 tenants, 5,870 SF with 2 parking spaces
Single, low level, subdivided, furnished, equipped doctor condo unit
Steps to the L & M lines at Myrtle Avenue-Wyckoff Avenue station
Invested about $700,000 in improvements, furniture, equipment, ADA elevator
$391/SF
NOI: $185,124, CAP: 9%
Seller has $300,000 transferable/assumable mortgage at 3% with 2035 maturity
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