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1877 Greene Ave
Ridgewood, NY 11385
Six Family · Multifamily Property For Sale · 6 Units

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.06 AC
Building Size 4,875 SF
No. Stories 3
Year Built/Renovated 1930/2008
Zoning R5B

ABOUT 1877 GREENE AVE , RIDGEWOOD, NY 11385

Six unit property for sale on Greene Ave six blocks from Seneca Street M subway line and five blocks from the L Subway station. There are 2 units that are owner occupied and 2 units will be delivered vacant for a grand total of 4 vacant units. The first floor houses the owner in the back and a studio in the front which will be delivered vacant. The new owner can combine the studio the back unit and duplex the unit with the basement, and file for first rent. The second floor unit can be filed as first rent. The final 3rd floor vacant unit needs a minimum amount of renovation. See below projected conservative pro forma.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 1 $3,000 -
Studios 2 $513.00 -
2+1 18 $1,680 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03404-0054
Land Assessment
$1,647
Improvements Assessment
$110,608
Total Assessment
$112,255
  • Listing ID: 17514993

  • Date on Market: 10/21/2019

  • Last Updated:

  • Address: 1877 Greene Ave, Ridgewood, NY 11385

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