1823 Bleecker Street

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Address: 1823 Bleecker Street, Ridgewood, New York, US
Created date: November 9, 2023
Date last updated: December 4, 2023

Property Description

This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light. The building consists of three free-market units and three rent-stabilized units. All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers. At three stories high, the building is 3,600 SF and measures 20' x 60'. It sits on a 2,500 SF lot measuring 25' x 100.' The building has the potential to produce a gross annual income of approximately $155,169 and has a 6.10% potential cap rate. The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue. This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Multifamily type: Apartments
Price: $1,850,000
Year Built: 1930
Lot Size: 2,500.00 Sq ft
Opportunity Zone: No
Address: 1823 Bleecker Street, Ridgewood, NY 11385, USA
Provided by:

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