Ed Heflin
This listing was posted on RealtyWW.
$3,985,000
Saint Nicholas Ave, Ridgewood, Home For Sale
Price:
$3,985,000
BR/BA:
10+ BR, 9 BA
Location:
297 Saint Nicholas Ave, Ridgewood, NY
Description:
Mixed-Use Corner Building in Ridgewood + Location: 297 St Nicholas Ave, Queens, NY 11385 + Property Type: Mixed-Use (7 Apartments + 2 Commercial Units + Basement) + Total Square Feet: 7, 260 + Investment Opportunity: Outstanding Free-Market Investment Property Overview + 7 Apartments- Newly renovated, free-market 3 and 4-bedroom residential units. + + Apartment 1R- 4 Bedrooms, Living Room, EIK (Eat-In Kitchen), 1 Full Bath + + Other 6 Apartments (2F, 2R, 3F, 3R, 4F, 4R)- 3 Bedrooms, Living and Dining Room, EIK, 1 Full Bath + 2 Commercial Units- + + Laundromat (800 sq ft) + + Vacant store (150 sq ft) + + Basement- Additional space for storage or potential use Prime Location + Situated on a corner lot at the Ridgewood/Bushwick border. + Within 1 block of shopping, eateries, restaurant services, bus stops, and subway stations (L and M trains at Myrtle-Wyckoff Ave). Investment Highlights + CAP Rate- Currently at 6%, generating $241, 300 annually. + Projected Income- $416, 491 in five years for 10% CAP Rate. + Lease Details- Laundromat lease expires in 2027, with a 3% annual increase. Don't miss this amazing opportunity to invest in a highly sought-after neighborhood in New York City! Call for more information and to schedule a showing today!For more details: https://realtyww.info/homes_ridgewood-d52704/for-sale_i73511669
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More About this Listing: Saint Nicholas Ave, Ridgewood, Home For Sale
Saint Nicholas Ave, Ridgewood, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 297 Saint Nicholas Ave in Ridgewood NY. Find other listings like Saint Nicholas Ave, Ridgewood, Home For Sale and listings near 297 Saint Nicholas Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Ridgewood NY.
Saint Nicholas Ave, Ridgewood, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 297 Saint Nicholas Ave in Ridgewood NY. Find other listings like Saint Nicholas Ave, Ridgewood, Home For Sale and listings near 297 Saint Nicholas Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Ridgewood NY.