18-11 Grove St - Apartments FOR SALE


Ridgewood, NY 11385
$2,000,000 USD
718-475-4353
18-11 Grove St, Ridgewood, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

18-11 Grove St
Ridgewood, NY 11385


HIGHLIGHTS

  • Immediate rental income with upside through leasing the vacant unit
  • Prime infill development opportunity – zoning allows for multiple options
  • Flexible exit strategies combining current cash flow with future redevelopment options
  • Located in a high-demand rental market with strong growth projections
  • Walking distance to the M train, providing direct access to Manhattan

OVERVIEW

FREE-MARKET 5-FAMILY PROPERTY WITH A DEVELOPABLE 20' SIDE YARD. Marcus & Millichap is pleased to present, as an exclusive listing, a 4,900 SF five-family residence on a 4,500 SF lot in one of New York City’s fastest-growing neighborhoods. The property provides immediate in-place cash flow with a vacant floor-through unit available for immediate lease-up, while also offering significant long-term infill development potential.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18-11 Grove St, Ridgewood, NY 11385

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,732 SF

ZONING

-

APN/PARCEL ID

03438-0052

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4353

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Jakub NowakMarcus & MillichapMore Info
718-475-4353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.