297 St Nicholas Ave - Apartments FOR SALE


Ridgewood, NY 11385
$3,300,000 USD
917-577-7400
297 St Nicholas Ave, Ridgewood, NY for Sale
$3,300,000 USD
Apartments - FOR SALE
1/29
null | 6.1% 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

Prime Ridgewood location! 297 Saint Nicholas Ave is a 4-story mixed-use investment property featuring approximately 7,260 SF, 7 residential units and 2 commercial units. All residential units are free market, providing diversified residential and commercial income. Approx. 22' x 80' building on a 22' x 91' lot. Established Ridgewood/Bushwick location with convenient access to the L and M subway lines, local amenities, and Manhattan. Asking $3,300,000. Approx. 6.1% cap rate based on current income and expenses. Excellent opportunity for investors seeking a mixed-use property with multiple income streams and long-term potential.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

7

PRICE/UNIT

$471,429

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Mix Used

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

Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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