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High-Income Investment Opportunity in Ridgewood
Strong Income Potential
This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors.

A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow.

Prime Ridgewood Location!
Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability.

Financial Overview:
Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance).
Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment.
Turn-Key Investment with Upside Potential
This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed!

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Ridgewood

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59-24 Putnam Ave #1, Ridgewood, NY 11385

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