7127 Fresh Pond Rd, Ridgewood, NY 11385

7-Unit Prime Ridgewood Mixed-Use Investment - Cash-Flowing with Built-In Rental Upside Here is that rare opportunity to pick up a plug-and-play asset with great current income and tons of upside to generate more profit. The most recent annual rent roll minus expenses puts the building above a 5 cap, but there is much more potential to generate additional revenue without any renovation, as the free market units are currently paying under market rent. The building has four apartments, with 2 two-bedroom layouts and 2 one-bedroom layouts. Three of the apartments are market rate and one apartment is rent-stabilized. In addition, the property includes a whopping three commercial spaces! Make money from day one. This is an investor’s dream asset, well-maintained and in a phenomenal location with strong curb appeal. This is your time! Lot dimensions: 28 ft x 87.17 ft Zoning districts: R6B, C2-4 Building square feet: 5,880 Building dimensions: 28 ft x 70 ft Stories: 3 Roof height: 37 ft Building material: Masonry Residential units: 4 Free market units: 3 Stabilized units: 1 Residential sf: 3,920 Average residential unit size: 980 Commercial units: 3 Office sf: 1,960