ID # | 11514500 |
Details | 8 bed, 4 bath, Lot Size: 0.07 acres, Interior: 4410 ft2, 410m2, Building has 3 floors (DOM): 11 days |
Construction Year | 1931 |
Taxes (per year) | $20,677 |
Basement | Full basement |
Broker Website | |
Bus | 1 min: B20, Q39, Q55 |
4 min: B13, QM24, QM25 | |
5 min: B38 | |
6 min: Q58 | |
9 min: B26 | |
Subway | 8 min: M |
9 min: L | |
LIRR | 1.7 miles: "East New York" |
3 miles: "Nostrand Avenue" | |
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Prime corner building on the busiest block in Ridgewood with coveted tax class 2A Two stores and two apartments Double sidewalk frontage: 47 feet on Myrtle Avenue, 62 feet on Norman Street Total of 109 feet of wraparound visibility Fully gut-renovated in 2018 Three-story mixed-use building totaling approx. 4,398 SF Two spacious residential units: each with 4 bedrooms and 2 bathrooms Ground-floor tenants: established coffee shop and an established regional dessert franchise High foot traffic ensures consistent retail activity Retail leases include 50% real estate tax over base year + 3% annual increases Annual gross income of approximately $281,619 Turnkey, easy-to-manage asset in Ridgewood's most desirable location Actual cap rate of 7.14%