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561 Fairview Ave - 561 Fairview 3 Unit Apartment Building Offered at $1,850,000 at a 5.46% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Amazing location, easy to rent and generate income
- Renovated and market ready units.
Executive Summary
Prime investment opportunity for owner occupied or rental income. Located in prime Ridgewood. Renovated apartments with 2 - 2Br 1 bath and 1 - 4Br 2 Bath
apartments. All free market.
apartments. All free market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,400
|
$45.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,400
|
$45.20
|
| Taxes |
$8,855
|
$3.27
|
| Operating Expenses |
$12,596
|
$4.65
|
| Total Expenses |
$21,451
|
$7.92
|
| Net Operating Income |
$100,949
|
$37.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $45.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $45.20 |
| Taxes | |
|---|---|
| Annual | $8,855 |
| Annual Per SF | $3.27 |
| Operating Expenses | |
|---|---|
| Annual | $12,596 |
| Annual Per SF | $4.65 |
| Total Expenses | |
|---|---|
| Annual | $21,451 |
| Annual Per SF | $7.92 |
| Net Operating Income | |
|---|---|
| Annual | $100,949 |
| Annual Per SF | $37.28 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 4+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03383-0004 | Total Assessment | $44,626 (2026) |
| Land Assessment | $7,875 (2026) | Annual Taxes | $8,855 ($3.27/SF) |
| Improvements Assessment | $36,751 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03383-0004
Land Assessment
$7,875 (2026)
Improvements Assessment
$36,751 (2026)
Total Assessment
$44,626 (2026)
Annual Taxes
$8,855 ($3.27/SF)
Tax Year
2025
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561 Fairview Ave - 561 Fairview
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