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803 Wyckoff Ave - The Arcade 54 Unit Apartment Building Offered 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 Size | 62,564 SF |
| No. Units | 54 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2016 |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Building Size | 62,564 SF |
| No. Stories | 5 |
| Year Built | 2016 |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
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803 Wyckoff Ave - The Arcade
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