18-31 Stephen Street, Ridgewood, NY 11385

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$1,300,000 List Price
Off Market
 
Listing ID 10951526
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Ridgewood
Total Tax $12,678
FEMA Flood Map fema.gov/portal
Year Built 1931
Virtual Tour

6 Family Brick- 1st Floor Apts. Vacant - POTENTIAL RENT INCREASE

MUST SEE Lovely Brick, 3 story, six is well manicured and a great tool to include for future tenants or your own personal use. The potential to increase the rent roll is amazing. If you substantially alter the outer dimensions of both 1st floor apartments you are entitled to rent both 1st floor apartments for Fair market value. All apartments are 5 rooms each. Building size is 28 X 68. Well kept. This house can bring a 5.6 cap rate.
Property Details
  • 6 Full Baths
  • 2800 SF Lot
  • Built in 1931
  • 3 Stories
  • Available 11/03/2020
  • Full Basement
  • Lower Level: Unfinished
Unit Information
Unit #1 – Bedrooms: 18, Full Baths: 6
Interior Features
  • Steam Radiators
  • 1 Heat/AC Zones
  • Natural Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Near Bus
  • Near Train
Community Details
  • Walk-up (Bldg. Style)
Income/Expenses
  • Gross Income $84,415
  • Insurance Exp $4,816
  • Heat Exp $4,824
  • Electric Exp $941
  • Water Exp $5,237
  • Total Exp $31,496
  • Paid by Landlord: Heat, Water
Taxes and Fees
  • $12,678 City Tax
  • $12,678 Total Tax
Previously Listed By
John Suarez
TIP TOP REALTY MANAGEMENT CORP
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