Vacant Three Family and Buildable Lot 453-455 Fairview Ave
3 Unit Apartment Building $3,781,470 CAD ($1,260,490 CAD/Unit) 4.84% Cap Rate Ridgewood, NY 11385
EXECUTIVE SUMMARY
The subject property consists of a renovated Vacant Three Family Brick Building, 3 Stories, Semi Detached, and parking lot with 5 indoor / 5 outdoor private parking spaces. The building is 20’ x 55’ (Approx. 3,300 SqFt) on a 50’ x 95’ lot (4,750 SqFt) and is Zoned R6B.
In addition, this property offers the opportunity to build an additional 6,200 SqFt. Please consult with your architect to confirm what can be built.
Conveniently located a few minutes away from the M Subway Line, offering quick and easy access to both Brooklyn and Manhattan. It is also situated within a short distance to an array of new restaurants, bars, cafes, and shopping.
This well-maintained building offers endless opportunity for an end user or investor/developer looking to be part of this neighborhood in Ridgewood.
Lot: 50 ft x 95 ft. Building: 20 ft x 55 ft. Approx. Building Sq Ft: 3,300. Ext. Annual Taxes: $11,595. Est. Gross Annual Income: $147,000. Built: 1940. Zoning: R6B. Stories: 3.
Schedule appointments through listing agent Giuseppe Montalbano (347) 585-7953.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
PROPERTY FACTS
Price | $3,781,470 CAD |
Price Per Unit | $1,260,490 CAD |
Sale Type | Investment |
Cap Rate | 4.84% |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Lot Size | 0.05 AC |
Building Size | 3,300 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 1920/2023 |
Parking Ratio | 3.03/1,000 SF |
UNIT AMENITIES
- Dishwasher
- Storage Space
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Views
- Yard
- Basement
- Dining Room
- Family Room
- Garden
- Intercom
- Skylights
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
8+3 | 3 | - | 3,300 |
ZONING
Zoning Code | R6B |