914-406-9257
803 Wyckoff Ave, Ridgewood, NY for Sale
Apartments - FOR SALE
1/6
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803 Wyckoff Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • 8 Years Remaining Of 421-a Benefits: 15-year 421a Tax Abatement with 8 years remaining, expires in 2034
  • 803 Wyckoff’s RS units currently rent 13% below market for 1BRs, 19% below market for 2BRs, and 28% below market for 3BRs
  • Meaningful rent growth opportunity as units mark to market once the 421-a abatement expires in 2034
  • Exempt From Good Cause Eviction
  • Favorable Amenity Package: sprawling co-working and business center, a fully built-out fitness center

FOR SALE DETAILS

PRICE

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# OF UNITS

54

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arcade

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R6B

APN/PARCEL ID

03546-0001

ASK ABOUT THIS PROPERTY

Fritz RichterAvison YoungMore Info
914-406-9257

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Fritz RichterAvison YoungMore Info
914-406-9257

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