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Ridgewood Six 1881 Putnam Ave 6 Unit Apartment Building $1,499,000 ($249,833/Unit) 4.29% Cap Rate Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Prime location surrounded by public transportation and retailers
EXECUTIVE SUMMARY
Location ! Location ! DELIVERING 2 APTS VACANT! Large 6 Family Rent Stabilized Building in the Prime Location of Ridgewood, 1 min walking to M Train Station!!
Building size: 27.5*68 ! Living space 5600 sqf ! Full walking out Basement ! COULD DELIVER 5 VACANT! Rare Find Opportunity to Convert to Free Market or Condos !
Building size: 27.5*68 ! Living space 5600 sqf ! Full walking out Basement ! COULD DELIVER 5 VACANT! Rare Find Opportunity to Convert to Free Market or Condos !
PROPERTY FACTS
| Price | $1,499,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.29% | Building Size | 5,600 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6B - Mixed use zoning | ||
| Price | $1,499,000 |
| Price Per Unit | $249,833 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Mixed use zoning |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 03471-0036 | Improvements Assessment | $154,130 |
| Land Assessment | $3,062 | Total Assessment | $157,192 |
PROPERTY TAXES
Parcel Number
03471-0036
Land Assessment
$3,062
Improvements Assessment
$154,130
Total Assessment
$157,192
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Presented by
Billion Homes Realty Corp
Ridgewood Six | 1881 Putnam Ave
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