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Ridgewood NY, 11385 $5,300,000

Multi Family Commercial 18 Beds , 9 Full Bath  

Property Picture
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Details ML#: 3564450  

  • Style: Contemporary
  • # of Families: 9
  • Sale or Rent:Sale
  • Year Built: 2018
  • Taxes: $8,000
  • Status:Active

Description

Introducing a newly developed elevator building with nine units and tax abatement, strategically located on a spacious lot measuring 42 feet wide and 100 feet deep. Each floor boasts approximately 2, 093 square feet within dimensions of 42 ? 49.6 feet. The building comprises seven two-bedroom and two one-bedroom units, each offering private outdoor space. Monthly gross income totals around $30, 000. This distinguished brick building is nestled in the highly sought-after Ridgewood neighborhood, known for its blend of comfort, style, and practicality, making it a standout in the area. With impressive features and an enviable location, this property promises attractive investment returns. Upon entry, you’re greeted by spacious interiors with a welcoming ambiance. Each unit features generous living rooms, lofty ceilings, and floor-to-ceiling windows that flood the space with natural light. The interior decor includes a harmonious mix of tiles and hardwood floors, complemented by stainless steel appliances and outdoor areas that add sophistication to every room. Open-concept living areas ensure seamless flow and create a bright, airy atmosphere. Each unit also features washer/dryer hookups as well as dual zone heating of split units + baseboard heat to insure the building stays heated and cooled. Outside, residents can enjoy a serene shared backyard perfect for relaxation and gatherings, along with a communal roof deck boasting breathtaking views of the Manhattan skyline. Situated in the coveted Ridgewood neighborhood adjacent to Bushwick, the building offers easy access to Myrtle Wyckoff Ave Subway stops, providing convenient transportation to Manhattan. It’s also conveniently located near the vibrant retail scene of Myrtle Ave, acclaimed dining spots such as Rolo, and a plethora of cafes and bars. With its exceptional features, prime location, and impeccable design, this building presents a compelling investment opportunity with promising returns and minimal expenses.

More Property Details

Room Information

Bedroom: 18   Full Bath: 9  

Property Features

ConstructionMaterials: Private Roof   Lot Sq Ft: 4207   Parking Facilities: None  

Appliances & Utilities

Heat: Baseboard, Electric, Natural Gas   A/C: Wall Unit(s)   Water: Public  

Financial

Taxes: $8,000  

Local Area Information

School District: Learners And Leaders   Block: 3439   Lot: 52  

Listing Information provided courtesy of Amorelli Realty LLC  929-346-8804
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