Wonderful opportunity to buy for investment or end-user in a great Ridgewood location at Woodward and Linden.
25×60ft building on a 25×89 lot. 2 FAR permitted built out at 1.35, so 1,440sf left to build.
Add a floor for maximum value-add potential. Works as an end-user deal, investment, or even as a condo conversion, can turn into 4 residential condos + a commercial condo. Asking is $337 per buildable foot (and can build on top of what's there)
Ground floor is a great commercial space with 15 foot ceilings and beautiful details, formerly used as a church. The landlord just installed a new storefront and made cosmetic upgrades. Nice size backyard 25×29.
Finished basement with residential level finishes, full height ceilings, above grade windows and doors/stairs on both front and back. Completely usable income generating space.
New boiler and water heater. Perfect plumbing and electric with new panels.
2 wonderful apartments upstairs with skylights all around. Can combine into massive owner unit, or use one for owner, rent out other. New bathrooms.
Taxes $6,800 per year.
Delivered vacant
Asking is a ~7 cap