Rare opportunity to own an oversized legal 8 family brick building in the heart of Ridgewood. 9200 SF of interior square footage. Huge apartments with high ceilings. New boiler and hot water. There are 6 current leases and 2 available units offering great upside potential. Gross annual income for currently occupied 6 Units: $97, 933 & Total annual Expenses: $61, 000. Current Net Income: $36, 933. Apartment Number 1L is vacant, market rate, with projected income $3000/ month. Apartment 2L, $700/month no lease. Projected net income with 8 units rented, $81, 333. DHCR available upon request.
Lot Size: 0.08 Lot Sq Ft: 3600 Stories: 4
Taxes: $28,000
Zoning: R6B Block: 3613 Lot: 49
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