Listed by IPRG Investment Property Realty Group
$3,500,000
21-21 Linden Street
Details
APN 03374-0030
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,200
Units 20
Cap Rate 5.82%
NOI $203,684
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.33%
Pro-Forma NOI $221,623
Price per SqFt $230
Year Built 1927
Stories 4
Zoning R5B
Multifamily | 20 Units | $175,000/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 21-21 Linden Street, Ridgewood, NY 11385, an iconic 4-story, 20-unit apartment building (constructed in 1927) which spans 15,200 square feet on a corner lot, offering 7 on-site garages for added revenue and tenant appeal.
Fully occupied and meticulously maintained, this rent-stabilized delivers reliable cash flow in one of NYC's fastest-appreciating neighborhoods.
The subject property is located on the corner of Forest Avenue just blocks away from the Seneca Ave M Train.
Investment highlights
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,684.00
$16,973.67/mo
Valuation Metrics
0
DSCR
5.82%
Cap Rate
5.82%
ROI
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