Annkey Realty, Inc.
Listed by Annkey Realty, Inc.
$950,000
1718 Himrod Street
Details
APN 03432-0016
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 7.33%
NOI $73,400
Year Built 1930
Acreage 0.057
Zoning R6B
Well-Maintained 6 Family in Ridgewood, Queens. 7.33 cap rate- full occupancy
Marketing description
Investor's Dream in Prime Ridgewood,Queens! This well-maintained 6-Family building offers a rare opportunity to own a stable, income-producing asset in one of Queens' most sought-after neighborhoods. The property features **Six Residential Units, all configured as spacious 2-bedroom, 1-bathroom apartments**, a highly desirable layout that continues to attract strong tenant demand. With a proven rental history, the building generates **$106,500 in annual gross rental income** and produces approximately **$73,400 in net operating income**, offering an attractive **7.73% cap rate** at the asking price of **$950,000**.
Located in the heart of Ridgewood, residents enjoy easy access to popular restaurants, cafés, boutique shopping, parks, nightlife, and multiple public transportation options. The neighborhood's strong rental demand, vibrant atmosphere, and convenient access to Brooklyn and Manhattan make this an excellent long-term investment opportunity. Whether you're looking to expand your portfolio or secure a foothold in one of New York City's most resilient rental markets, this income-producing property checks all the boxes. Don't miss this opportunity to own a cash-flowing multifamily asset in a prime Ridgewood location.
**Contact us today for additional financials and property details.**
Listing Contacts
Annkey Realty, Inc.
Listed by Annkey Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,400.00
$6,116.67/mo
Valuation Metrics
0
DSCR
7.73%
Cap Rate
7.73%
ROI
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