MLS # | 852985 |
Construction Year | 1930 |
Taxes (per year) | $13,328 |
Bus | 1 min: Q58 |
2 min: B13 | |
3 min: B20, B38, Q39 | |
6 min: Q55 | |
7 min: B52, B54 | |
8 min: B26 | |
9 min: QM24, QM25 | |
Subway | 2 min: M |
9 min: L | |
LIRR | 2 miles: "East New York" |
2.9 miles: "Woodside" | |
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Ridgewood 5-Family Investment Property For Sale!
Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Bed and Bath: 11 Bedrooms and 7 Bathrooms. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house. © 2025 OneKey™ MLS, LLC