Exceptional opportunity to acquire a fully leased six-family brick building in the highly resilient Ridgewood/Glendale rental corridor of Queens. This well-maintained asset comprises six spacious two-bedroom, one-bathroom apartments, each offering generous living areas and functional kitchen layouts. The consistent two-bedroom unit mix remains one of the strongest-performing configurations in… Read More this submarket, supporting steady tenant demand and long-term rent stability. Constructed of solid brick and positioned in a prime location near transportation, shopping, dining, and everyday conveniences, the property benefits from strong rental fundamentals and enduring neighborhood appeal. An ideal turnkey investment offering immediate cash flow in one of Queens' most dependable multifamily corridors. Investment Highlights: 100% Occupied - Immediate Cash Flow Gross Scheduled Income: $124,063.2 Net Operating Income: $79,827.2 Cap Rate: 6.15% Price Per Unit: $216,333 Read Less
Listing Courtesy of: Doron Berenholtz, Berkshire Hathaway HomeServices New York Properties
Listing Snapshot
Days Online
168
Last Updated
Property Type
MultiFamily
Beds
12
Full Baths
6
Year Built
1931
MLS Number
RLS20076201
Additional Details
Building
Built in 1931, Living area units: SquareFeet, 3 stories, Entry level: 1
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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