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561 Fairview Ave - 561 Fairview 3 Unit Apartment Building Offered at $2,543,676 CAD at a 5.46% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Amazing location, easy to rent and generate income
- Renovated and market ready units.
Executive Summary
Prime investment opportunity for owner occupied or rental income. Located in prime Ridgewood. Renovated apartments with 2 - 2Br 1 bath and 1 - 4Br 2 Bath
apartments. All free market.
apartments. All free market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$168,295
|
$62.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,295
|
$62.15
|
| Taxes |
$12,175
|
$4.50
|
| Operating Expenses |
$17,319
|
$6.40
|
| Total Expenses |
$29,494
|
$10.89
|
| Net Operating Income |
$138,801
|
$51.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $168,295 |
| Annual Per SF | $62.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $168,295 |
| Annual Per SF | $62.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,175 |
| Annual Per SF | $4.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,319 |
| Annual Per SF | $6.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,494 |
| Annual Per SF | $10.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $138,801 |
| Annual Per SF | $51.26 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 4+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03383-0004 | Total Assessment | $61,353 CAD (2026) |
| Land Assessment | $10,827 CAD (2026) | Annual Taxes | $12,175 CAD ($4.50 CAD/SF) |
| Improvements Assessment | $50,526 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03383-0004
Land Assessment
$10,827 CAD (2026)
Improvements Assessment
$50,526 CAD (2026)
Total Assessment
$61,353 CAD (2026)
Annual Taxes
$12,175 CAD ($4.50 CAD/SF)
Tax Year
2025
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561 Fairview Ave - 561 Fairview
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