59-16 67th Ave

Don't miss this outstanding investment property in prime Ridgewood! This four-family building is well-maintained, fully occupied and not rent-stabilized. Building Size: 26-feet by 70-feet (3,710-square feet) Lot Size: 26-feet by 112 Current rents for the two-bedroom plus den, one-bathroom railroad apartments are $1275, $2000, $2000 and $2250. Total expenses: Approx. $22,500 annually Annual Net Operating Income: Approx. $67,500 4.5% CAP Rate investment with room for growth in rent roll. This very well-kept four-family is located on a tree-lined Ridgewood block with plenty of street parking. Rosemary's Playground and Joseph F. Mafera Park are nearby, and abundant shops, restaurants and services can be found along Forest and Myrtle avenues. The M and L trains, excellent bus service and Citibike stations put the rest of the city within easy reach.