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Located at 16-92 Grove Street, Ridgewood, New York 11385, this Multi Family is for Sale with a price of $1,980,000 USD. The property was built in 1915, includes 6 bedrooms, has 3 full baths. This listing has 3,980 Sq.Ft. of interior space on a lot of .05 Acres. See all Homes for Sale in Ridgewood.
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16-92 Grove Street
Ridgewood, NY 11385

$1,980,000
for sale
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Description

16-92 Grove Street,

Ridgewood, NY 11385

Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly accessible location with easy transportation access, this property presents a rare chance for investors to secure steady returns in a thriving area. Don't miss out on this great opportunity!

This is an Active listing.

Broker Office Phone Number: 718-500-2231

Copyright © 2024OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Garage
  • Garage - Attached
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any descriptions, measurements, square footages or acreage and should not be relied upon as such. All information herein should be confirmed by the customer. All rights to all content, including but not limited to photographs, videos and other graphics, are reserved to exclusively to the Broker who supplied such listing content. All advertising on this site is subject to the Federal Fair Housing Act.

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Listing By: Skylux Realty Inc via Data Source: OneKey MLS 
6
Bedrooms
3
Full Baths
$1,980,000
Change Currency
$497
Price Per Sqft
$6,426
Annual taxes
Multi Family
Property type
1915
Year Built
Ps 81 Jean Paul Richter
Schools
Ps 81 Jean Paul Richter
Elementary
Is 77
Middle
Grover Cleveland High School
High
10730002
Web Id
3582428
MLS ID
47
Days Posted

Price History

datepricevariancetype
10/1/2024$1,980,000-Listed
listing agent: Fei Guo
more info
3,980 Sq Ft.
interior
0.05 Acres
Exterior
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