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Ridgewood NY, 11385 $970,000

Multi Family Commercial 12 Beds , 6 Full Bath , 4872 SqFt 

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Details ML#: 3590203  

  • # of Families: 6
  • Sale or Rent:Sale
  • Year Built: 1930
  • Taxes: $17,331
  • Status:Active

Description

EXP Realty has retained the exclusive to present 60-33 68th Avenue in Ridgewood, Queens for Sale. Building size is a wide 28 X 58, 4872 sqft and Lot is a large 34 X 90, 3060 sqft, Zoning R5B. This tree-line building is an exceptionally rare fully-detached, southeastward-facing, lime-colored 3 story frame property that encompass 6 rent stabilized units of which 5 are occupied with 1 vacant (3R-$1, 435). Each apartment is approximately 720 sqft, 2-bedroom 1-bathroom with an abundance of sunlight from a rare feature, that all rooms contain windows. Annual Preferential rent roll is $96K and Legal Rent roll is $102K, both rent roll includes 3R-$1435. There are only 6 people quietly residing within the property. Annual taxes are $17K, and with its Heat, Insurance, Water and Sewage, total expenses are $31K. Property has been exceedingly well maintained with no outstanding issues or repairs required. Boiler is about 12 years old and roof is about 8 years. Property has clean DHCRs with proper leases in place. No current HPD or DOB violations within the last 30 years which demonstrate non-problematic tenants. Absolutely no tenant issues with rents being paid on time. It’s about a 5 minute walk for the M train on Forest Avenue Station. This property is an incredible investment for a savvy investor that truly understands this area of Ridgewood, Queens. We have pictures and virtual tours of all apartments, all DHCRS and Leases, and complete financials are all available upon request.

More Property Details

Room Information

Bedroom: 12   Full Bath: 6   Other: 2  

Property Features

Lot Sq Ft: 3060   Approx. Int. Sq. Ft.: 4872.00   Parking Facilities: None  

Appliances & Utilities

Heat: Natural Gas, Steam   A/C: None   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $17,331  

Local Area Information

School District: Brooklyn Prep High School   Block: 3512   Lot: 51  

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Listing Information provided courtesy of EXP Realty OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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