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1728 Greene Ave 6 Unit Apartment Building Offered at $1,349,999 at a 10.52% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Great Cashflow
Executive Summary
Prime investment opportunity. Sold As-Is. All apartments were renovated. Not Vacant. 5 Apartments - rent stabilized. 1 Apartment - free market.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$141,000
|
$28.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,000
|
$28.92
|
| Taxes |
$14,292
|
$2.93
|
| Operating Expenses |
$9,300
|
$1.91
|
| Total Expenses |
$23,592
|
$4.84
|
| Net Operating Income |
$117,408
|
$24.08
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $141,000 |
| Annual Per SF | $28.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $141,000 |
| Annual Per SF | $28.92 |
| Taxes | |
|---|---|
| Annual | $14,292 |
| Annual Per SF | $2.93 |
| Operating Expenses | |
|---|---|
| Annual | $9,300 |
| Annual Per SF | $1.91 |
| Total Expenses | |
|---|---|
| Annual | $23,592 |
| Annual Per SF | $4.84 |
| Net Operating Income | |
|---|---|
| Annual | $117,408 |
| Annual Per SF | $24.08 |
Property Facts
| Price | $1,349,999 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,875 SF |
| Cap Rate | 10.52% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1930 |
| Property Type | Multifamily | ||
| Zoning | R6B - a medium-density residential zoning district that preserves the neighborhood character of traditional row house and small multi-family building areas | ||
| Price | $1,349,999 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 10.52% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - a medium-density residential zoning district that preserves the neighborhood character of traditional row house and small multi-family building areas |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03436-0017 | Total Assessment | $116,019 (2025) |
| Land Assessment | $1,779 (2025) | Annual Taxes | $14,292 ($2.93/SF) |
| Improvements Assessment | $114,240 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
03436-0017
Land Assessment
$1,779 (2025)
Improvements Assessment
$114,240 (2025)
Total Assessment
$116,019 (2025)
Annual Taxes
$14,292 ($2.93/SF)
Tax Year
2024
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1728 Greene Ave
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