297 St Nicholas Ave - Apartments FOR SALE


Ridgewood, NY 11385
$4,200,000 USD
917-900-8066
297 St Nicholas Ave, Ridgewood, NY for Sale
$4,200,000 USD
Apartments - FOR SALE
1/7
null | 7.07% Cap Rate

297 St Nicholas Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • Prime Ridgewood Mixed-Use Asset in a High-Demand Location
  • Well maintained throughout
  • Projected Gross Income Exceeding $475,000 Annually

OVERVIEW

Mixed-use building featuring 7 residential units and 2 retail spaces on a prime Ridgewood block. Property Highlights: • 7 residential units with strong rental upside • 2 ground-floor retail spaces • Approx. 7,260 SF building size • Zoned C2-4 • Current gross income approximately $389,000 annually • Projected future income potential exceeding $475,000 annually • Built in 1930 • Conveniently located near transportation, shopping, and neighborhood amenities • Meticulously maintained. Buy today and start collecting rent immediately. An excellent opportunity for investors seeking stable cash flow with long-term value appreciation potential.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$579 USD /SF

# OF UNITS

7

PRICE/UNIT

$600,000

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C2-4 / R6B

APN/PARCEL ID

03447-0010

ASK ABOUT THIS PROPERTY

Alice Xin ZhangBillion Homes Realty Corp.More Info
917-900-8066

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Alice Xin ZhangBillion Homes Realty Corp.More Info
917-900-8066

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