Listed by IPRG Investment Property Realty Group
$2,500,000
16-76 Jefferson Avenue
Details
APN 03548-0051
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,800
Units 4
Cap Rate 6.32%
NOI $157,909
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $177,950
Price per SqFt $893
Lot Size (SqFt) 2,500
Zoning R5B
Multifamily | 4 Units | $625,000/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 16-76 Jefferson Avenue. The subject property is located between Wyckoff Avenue and Cypress Avenue in Ridgewood, Queens.
The property offers four, gut-renovated apartments. All of the apartments are free market. Units 1R and 1L are duplexed. There are thirteen bedrooms, 11 bathrooms, laundry facilities, and an indoor gym available for all tenants. The high-end renovation gives the building a very modern feel.
The property is built 25 ft x 56 ft, offering approximately 2,800 square feet. 16-76 Jefferson Avenue sits on a 25 ft x 100 ft lot.
The property is located within walking distance to the L & M Subway Lines.
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
$157,909.00
$13,159.08/mo
Valuation Metrics
0
DSCR
6.32%
Cap Rate
6.32%
ROI
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