NY > Ridgewood
Ridgewood, NY 11385,16-92 Grove ST
Ridgewood, NY 11385,16-92 Grove ST
Ridgewood, NY 11385,16-92 Grove ST
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Bairo Real Estate

Bairo Real Estate

+1(888) 782-2476
$1,980,000
Est. payment /mo
6 Beds
3 Baths
3,980 SqFt
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UPDATED:

10/02/2024 04:12 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,980 sqft

Price per Sqft $497

MLS Listing ID 3582428

Style Two Story

Bedrooms 6

Full Baths 3

Originating Board onekey

Rental Info No

Year Built 1915

Annual Tax Amount $6,426

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 20x100

Property Description

Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly accessible location with easy transportation access, this property presents a rare chance for investors to secure steady returns in a thriving area. Don't miss out on this great opportunity!

Location

State NY

County Queens

Rooms

Basement See Remarks

Kitchen 2

Interior

Heating Natural Gas, Other

Cooling None

Fireplace No

Exterior

Garage Private, Attached, 2 Car Attached

Garage Spaces 2.0

Parking Type Private, Attached, 2 Car Attached

Total Parking Spaces 2

Garage true

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Brick

New Construction No

Schools

Elementary Schools Ps 81 Jean Paul Richter

Middle Schools Is 77

High Schools Grover Cleveland High School

School District Queens 24

Others

Senior Community No

Special Listing Condition None

Read Less Info
Listed by Skylux Realty Inc • 718-500-2231
Bairo Real Estate

+1(888) 782-2476 | support@bairorealestate.com

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16-92 Grove ST