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Auction: 10-71 Cypress Ave 10-71 Cypress Ave 39 Unit Apartment Building For Sale Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Shopping, dining and neighborhood retail includes local mom and pop as well as national retailers like GNC, Rite Aid, Bank of America, Taco Bell.
- Prime mixed-use corner building in desirable Ridgewood submarket.
- 4 blocks to the L train / Halsey Street subway station.
- 20 of the residential units underwent gut renovations between 2015 and 2017..
EXECUTIVE SUMMARY
Bid Deadline: Monday, December 15th by 4:00 PM
Auction Date: Tuesday, December 16th at 2:30 PM
Opening Bid: $5,250,000
(Sale Subject to Bankruptcy Court Approval)
Property Snapshot
• Prime mixed-use corner building in desirable Ridgewood submarket
• 33,488 SF
• 44 Units: 39 Residential, 5 Retail
• 20 of the residential units underwent gut renovations between 2015 and 2017.
• Shopping, dining and neighborhood retail includes local mom and pop as well as national retailers like GNC, Rite Aid, Bank of America, Taco Bell and Dunkin Donuts.
• 4 blocks to the L train / Halsey Street subway station
Auction Date: Tuesday, December 16th at 2:30 PM
Opening Bid: $5,250,000
(Sale Subject to Bankruptcy Court Approval)
Property Snapshot
• Prime mixed-use corner building in desirable Ridgewood submarket
• 33,488 SF
• 44 Units: 39 Residential, 5 Retail
• 20 of the residential units underwent gut renovations between 2015 and 2017.
• Shopping, dining and neighborhood retail includes local mom and pop as well as national retailers like GNC, Rite Aid, Bank of America, Taco Bell and Dunkin Donuts.
• 4 blocks to the L train / Halsey Street subway station
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Sale Condition | Distress Sale | Lot Size | 0.24 AC |
| No. Units | 39 | Building Size | 33,488 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Mid-Rise | ||
| Zoning | R5B/C2-4 - Medium density district with a height limit of 40 feet | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 33,488 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R5B/C2-4 - Medium density district with a height limit of 40 feet |
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (95)
PROPERTY TAXES
| Parcel Number | 03567-0007 | Improvements Assessment | $1,122,750 |
| Land Assessment | $142,200 | Total Assessment | $1,264,950 |
PROPERTY TAXES
Parcel Number
03567-0007
Land Assessment
$142,200
Improvements Assessment
$1,122,750
Total Assessment
$1,264,950
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Auction: 10-71 Cypress Ave | 10-71 Cypress Ave
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