21-21 Linden St - Apartments FOR SALE


Ridgewood, NY 11385
$4,250,000 USD
718-360-2993
21-21 Linden St, Ridgewood, NY for Sale
$4,250,000 USD
Apartments - FOR SALE
1/8
null | 5.21% Cap Rate

21-21 Linden St
Ridgewood, NY 11385


HIGHLIGHTS

  • Unit Count – One of thirty buildings in Ridgewood 20 units +
  • Bonus Revenue - 7 garages provide flexible parking income (or owner use), enhancing NOI in a transit-rich area where parking is at a premium
  • Corner Location – Prime location on the corner of Forest Ave with access to shop, restaurants, & transportation

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 21-21 Linden Street, Ridgewood, NY 11385, an iconic 4-story, 20-unit apartment building (constructed in 1927) which spans 15,200 square feet on a corner lot, offering 7 on-site garages for added revenue and tenant appeal. Fully occupied and meticulously maintained, this rent-stabilized delivers reliable cash flow in one of NYC’s fastest-appreciating neighborhoods. The subject property is located on the corner of Forest Avenue just blocks away from the Seneca Ave M Train.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

20

PRICE/UNIT

$212,500

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Essex Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,877 SF

ZONING

R5B

APN/PARCEL ID

03374-0030

ASK ABOUT THIS PROPERTY

Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

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Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

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