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1728 Greene Ave 6 Unit Apartment Building Offered at $1,850,229 CAD at a 10.52% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Great Cashflow
Executive Summary
Prime investment opportunity. Sold As-Is. All apartments were renovated. Not Vacant. 5 Apartments - rent stabilized. 1 Apartment - free market.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$193,246
|
$39.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,246
|
$39.64
|
| Taxes |
$19,588
|
$4.02
|
| Operating Expenses |
$12,746
|
$2.61
|
| Total Expenses |
$32,334
|
$6.63
|
| Net Operating Income |
$160,912
|
$33.01
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $193,246 |
| Annual Per SF | $39.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $193,246 |
| Annual Per SF | $39.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,588 |
| Annual Per SF | $4.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,746 |
| Annual Per SF | $2.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,334 |
| Annual Per SF | $6.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $160,912 |
| Annual Per SF | $33.01 |
Property Facts
| Price | $1,850,229 CAD | Building Class | C |
| Price Per Unit | $308,372 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,875 SF |
| Cap Rate | 10.52% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1930 |
| Property Type | Multifamily | ||
| Zoning | R6B - a medium-density residential zoning district that preserves the neighborhood character of traditional row house and small multi-family building areas | ||
| Price | $1,850,229 CAD |
| Price Per Unit | $308,372 CAD |
| Sale Type | Investment |
| Cap Rate | 10.52% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - a medium-density residential zoning district that preserves the neighborhood character of traditional row house and small multi-family building areas |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03436-0017 | Total Assessment | $171,493 CAD (2026) |
| Land Assessment | $2,190 CAD (2026) | Annual Taxes | $19,588 CAD ($4.02 CAD/SF) |
| Improvements Assessment | $169,303 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
03436-0017
Land Assessment
$2,190 CAD (2026)
Improvements Assessment
$169,303 CAD (2026)
Total Assessment
$171,493 CAD (2026)
Annual Taxes
$19,588 CAD ($4.02 CAD/SF)
Tax Year
2024
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1728 Greene Ave
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