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6340 Fresh Pond Rd 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 5.42% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Steps from Subway
- Steel Beam Foundation
- Centrally Located
Executive Summary
6 Family Multi Family Building in the Heart of Ridgewood. The landlord has reserved 1 Vacancy for the ease of showcasing the space. The purchaser can utilize this vacancy to live in and off-set their mortgage with 5 other rentals or for an investor, fully rent and generate the income.
**Prospective Purchaser must be aware of Rent Stabilization Laws**
122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to:
Yianni Bachas | ybachas@amorellirealty.com | 516-404-7056
**Prospective Purchaser must be aware of Rent Stabilization Laws**
122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to:
Yianni Bachas | ybachas@amorellirealty.com | 516-404-7056
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.42% | Building Size | 5,833 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R-6B, C1-4 | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,833 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R-6B, C1-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (82)
Property Taxes
| Parcel Number | 03524-0054 | Total Assessment | $195,178 |
| Land Assessment | $3,038 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $192,140 | Tax Year | 2025 |
Property Taxes
Parcel Number
03524-0054
Land Assessment
$3,038
Improvements Assessment
$192,140
Total Assessment
$195,178
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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6340 Fresh Pond Rd
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