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18-11 Grove St, Ridgewood, NY 11385 18-11 Grove St 5 Unit Apartment Building $2,790,400 CAD ($558,080 CAD/Unit) Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Immediate rental income with upside through leasing the vacant unit
- Flexible exit strategies combining current cash flow with future redevelopment options
- Walking distance to the M train, providing direct access to Manhattan
- Prime infill development opportunity – zoning allows for multiple options
- Located in a high-demand rental market with strong growth projections
EXECUTIVE SUMMARY
FREE-MARKET 5-FAMILY PROPERTY WITH A DEVELOPABLE 20' SIDE YARD. Marcus & Millichap is pleased to present, as an exclusive listing, a 4,900 SF five-family residence on a 4,500 SF lot in one of New York City’s fastest-growing neighborhoods. The property provides immediate in-place cash flow with a vacant floor-through unit available for immediate lease-up, while also offering significant long-term infill development potential.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 03438-0052 | Improvements Assessment | $196,724 CAD |
| Land Assessment | $2,822 CAD | Total Assessment | $199,546 CAD |
PROPERTY TAXES
Parcel Number
03438-0052
Land Assessment
$2,822 CAD
Improvements Assessment
$196,724 CAD
Total Assessment
$199,546 CAD
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18-11 Grove St, Ridgewood, NY 11385 | 18-11 Grove St
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