Listed by Meridian Capital Group
$4,350,000
56-15/17 Catalpa Avenue
Details
Property Type Mixed Use
Square Footage 11,250
Cap Rate 7.15%
NOI $311,181
Occupancy 100%
Tenancy Multi
Year Built 1930
Buildings 2
Stories 3
Lot Size (SqFt) 5,436
Zoning C4-3A, R6A Equivalent
Investment Type Stabilized
Ground Lease No
FOR SALE | Two Adjacent Mixed-Use Walk-up Buildings In Ridgewood, Queens NY
Marketing description
Meridian Investment Sales has been retained on an exclusive basis to arrange for the sale of two adjacent mixed-use walk-up buildings in the Ridgewood neighborhood of Queens, NY. The subject property includes 16 rent stabilized apartments, 4 retail units and 6 storage/garage units.
Investment highlights
- Located just steps to Myrtle Avenue and Seneca Avenue
- 100% occupied and cash-flowing
- 7.15% Capitalization Rate
- Ideal 1031 exchange property
- Short walk to the Seneca Avenue M, Halsey Street L, and the Myrtle-Wyckoff Avs M & L Train stations
Listing Contacts
Listed by Meridian Capital Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$311,181.25
$25,931.77/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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