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297 St Nicholas Ave 7 Unit Apartment Building $5,877,060 CAD ($839,580 CAD/Unit) 7.07% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Prime Ridgewood Mixed-Use Asset in a High-Demand Location
- Projected Gross Income Exceeding $475,000 Annually
- Well maintained throughout
Executive Summary
Mixed-use building featuring 7 residential units and 2 retail spaces on a prime Ridgewood block.
Property Highlights:
• 7 residential units with strong rental upside
• 2 ground-floor retail spaces
• Approx. 7,260 SF building size
• Zoned C2-4
• Current gross income approximately $389,000 annually
• Projected future income potential exceeding $475,000 annually
• Built in 1930
• Conveniently located near transportation, shopping, and neighborhood amenities
• Meticulously maintained. Buy today and start collecting rent immediately.
An excellent opportunity for investors seeking stable cash flow with long-term value appreciation potential.
Property Highlights:
• 7 residential units with strong rental upside
• 2 ground-floor retail spaces
• Approx. 7,260 SF building size
• Zoned C2-4
• Current gross income approximately $389,000 annually
• Projected future income potential exceeding $475,000 annually
• Built in 1930
• Conveniently located near transportation, shopping, and neighborhood amenities
• Meticulously maintained. Buy today and start collecting rent immediately.
An excellent opportunity for investors seeking stable cash flow with long-term value appreciation potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$543,664
|
$74.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$543,664
|
$74.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$128,947
|
$17.76
|
| Net Operating Income |
$414,717
|
$57.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $543,664 |
| Annual Per SF | $74.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $543,664 |
| Annual Per SF | $74.88 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $128,947 |
| Annual Per SF | $17.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $414,717 |
| Annual Per SF | $57.12 |
Property Facts
| Price | $5,877,060 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $839,580 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.07% | Building Size | 7,260 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | C2-4 / R6B - Medium Density Residential Multifamily & Commercial Opportunity | ||
| Price | $5,877,060 CAD |
| Price Per Unit | $839,580 CAD |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,260 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | C2-4 / R6B - Medium Density Residential Multifamily & Commercial Opportunity |
Amenities
Unit Amenities
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 7 | - | 900 - 1,000 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03447-0010 | Improvements Assessment | $331,546 CAD (2026) |
| Land Assessment | $5,847 CAD (2026) | Total Assessment | $337,392 CAD (2026) |
Property Taxes
Parcel Number
03447-0010
Land Assessment
$5,847 CAD (2026)
Improvements Assessment
$331,546 CAD (2026)
Total Assessment
$337,392 CAD (2026)
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297 St Nicholas Ave
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