Two-Family Home with Duplexed Basement on Bleecker Street
FOR SALE
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$2,495,000
Bleecker Street, Ridgewood, NY 11385
2,600 SF
Square Feet
$960
PPSF
2
Units
1.0M
PPU
3.55%
CAP
Property Description
Units
2 — PPU: 1.0M
NOI
$88,476
Cap Rate
3.55%
- Two-Family with Duplexed Basement and Luxury Finishes | Phenomenal Ridgewood Location
- Private Driveway with Ample Parking and Four Garage Spaces
- Potential to Subdivide Lot for Development | Existing Rentals or Light Townhome Conversion with Additional Air Rights
- R5B Zoning on a 50' x 100' Lot | 7,500 Total Buildable SF As of Right
- Tax Class 1 - $8,506 Annual Tax Bill
Property Details
Asset Type
MultiFamily
Zoning
R5B
Lot Size
5,000 SF
Neighborhood
Ridgewood
Submarket
Ridgewood
ZIP
11385
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$140,367
Debt Service Coverage Ratio (DSCR)
0.99x
DSCR below 1.0x — deal does not cover debt service
Cap Rate
5.63%
Cash Flow (Annual)
-$1,564
Cash-on-Cash Return
-0.25%
Monthly Debt Service
$11,828
Annual Debt Service
$141,931
View on Map
Address
Bleecker Street
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Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
