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The Arcade 801 Wyckoff Ave 54 Unit Apartment Building For Sale Ridgewood, NY 11385
Investment Highlights
- 8 Years Remaining Of 421-a Benefits: 15-year 421a Tax Abatement with 8 years remaining, expires in 2034
- Meaningful rent growth opportunity as units mark to market once the 421-a abatement expires in 2034
- Favorable Amenity Package: sprawling co-working and business center, a fully built-out fitness center
- 803 Wyckoff’s RS units currently rent 13% below market for 1BRs, 19% below market for 2BRs, and 28% below market for 3BRs
- Exempt From Good Cause Eviction
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 54 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 62,564 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Zoning | R6B - Medium density residential district | ||
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 62,564 SF |
| No. Stories | 5 |
| Year Built | 2016 |
| Zoning | R6B - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 03546-0001 | Improvements Assessment | $3,397,050 |
| Land Assessment | $580,500 | Total Assessment | $3,977,550 |
Property Taxes
Parcel Number
03546-0001
Land Assessment
$580,500
Improvements Assessment
$3,397,050
Total Assessment
$3,977,550
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The Arcade | 801 Wyckoff Ave
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