576 Ridgewood Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11208- Cypress Hills
$1,900,000 USD
516-277-0666
576 Ridgewood Ave, Brooklyn, NY for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 7.89% Cap Rate

576 Ridgewood Ave
Brooklyn, NY 11208
Cypress Hills


OVERVIEW

Welcome to this completely updated 4-Unit Mixed-Use building offering a rare combination of immaculate condition and strong income potential. This 4-unit property consist of one (1) Three-Bedroom Apartment, and two (2) One-Bedroom apartments, one (1) ground-floor retail store, and three (3) attached garage spaces. Each unit is individually metered with its own electric meter and boiler, giving the new owner the flexibility to pass heat and electric costs on to tenants and significantly reduce operating expenses. All three apartments feature brand-new wall-hung Navien tankless water heaters for efficient, on-demand hot water. Major safety and infrastructure upgrades include a full building-wide sprinkler system, plus a new steel staircase running from the ground floor to the third floor. The brand new gas meters and electric smart meters have just been installed, and the building's gas lines passed a full NYC Buildings Department inspection this year. New security gates have also been added throughout the property, including all three garages. Please note, some images have been A.I modified for clarity. Located near major shopping centers and transit lines. This building is ready to start making YOU money!

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

7.89%

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

04136-0023

ASK ABOUT THIS PROPERTY

Chip EntwistleACC Space IncMore Info
516-277-0666

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Chip EntwistleACC Space IncMore Info
516-277-0666

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