This four-family home in Ridgewood is located on a quiet, tree-lined street and features four comparably sized two-bedroom, one-bathroom apartments. Three of the units are vacant, and 1R is occupied, with the tenant currently paying $1,250 but the tenant agrees to pay market rent at $2,500. The ground floor units have the potential to be duplexed with a backyard. Once renovated, this property will boast a 8.6% cap rate with a projected gross annual income of $139,200, making it an attractive investment deal in one of New York City's most popular neighborhoods.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
