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16-59 Summerfield St 6 Unit Apartment Building $1,300,000 ($216,667/Unit) 6.45% Cap Rate Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Corner lot at signalized intersection
- 2 Blocks to L Train, Close to Shops and amenities
- Prime investment opportunity
- New Roof
EXECUTIVE SUMMARY
6 Family building, Three Floor Plus Basement. Each Floor 1,764 SF With Two Units, All 3 Bedrooms with 1 Full Bathroom. So Total 18 Bedrooms
and 6 Bathrooms 2 Blocks to L Train, Close to Shops, New Roof. Best Location! Investor Special. Cap over 6%. Gross income $130,000.
Owner Will Consider All Offers. Price Reduce!
and 6 Bathrooms 2 Blocks to L Train, Close to Shops, New Roof. Best Location! Investor Special. Cap over 6%. Gross income $130,000.
Owner Will Consider All Offers. Price Reduce!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $216,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.45% | Building Size | 5,292 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6B - R6 - Medium density residential district | ||
| Price | $1,300,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,292 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6B - R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Basement
- Freezer
- Skylights
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (96)
PROPERTY TAXES
| Parcel Number | 03554-0069 | Total Assessment | $146,010 (2025) |
| Land Assessment | $2,195 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $143,815 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03554-0069
Land Assessment
$2,195 (2025)
Improvements Assessment
$143,815 (2025)
Total Assessment
$146,010 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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16-59 Summerfield St
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