HIGHLIGHTS
- 12 Units Total | New Construction Built in 2004
- 421-a Tax Abatements Expire in 2032 | Units will Become Free-Market upon Expiration with Turnover
- Strong Bushwick, Brooklyn Location | Quiet Block just off Myrtle Avenue Retail Corridor
- Direct Access to a Major Transit Hub | L and M Myrtle-Wyckoff Subway Station and B26, B54, B60, Q39 and Q58 Bus Lines
- Asking: $2,750,000 | $340/SF | 7.5% In-Place Cap Rate
FOR SALE DETAILS
PRICE
$2,750,000 USD
PRICE/SF
$258 USD /SF
# OF UNITS
12
PRICE/UNIT
$229,167
CAP RATE
7.5%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1 and 5 Ridgewood Place
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2004
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.09 AC
LAND SF
3,999 SF
ZONING
R6,C2-3
APN/PARCEL ID
03354-0009
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718-475-4382
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