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1823 Bleecker St 6 Unit Apartment Building $1,950,000 ($325,000/Unit) 6.74% Cap Rate Ridgewood, NY 11385



Executive Summary
Great investment opportunity! The semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and lights. Building consists of three free-market units and three rent-stabilized units. Potential cap rate 8.18%
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.74% | Building Size | 3,600 SF |
| No. Units | 6 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6B - Medium density residential district | ||
| Price | $1,950,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03434-0043 | Improvements Assessment | $148,069 |
| Land Assessment | $10,311 | Total Assessment | $158,380 |
Property Taxes
Parcel Number
03434-0043
Land Assessment
$10,311
Improvements Assessment
$148,069
Total Assessment
$158,380
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1823 Bleecker St
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