Property Description

This well-maintained building consists of six 2-bedroom spacious apartments with living/dining area, kitchen and bath each. Current INCOME $104,792.76 and expenses are around $24,882.68 (including $5,542. Tax credit from DRIE) NOI close to $79,910.08. yearly. Great Investment Opportunity! This Is Your Chance To Acquire A Stabilized building with 2 DEREGULATED APARTMENTS W/a Registered rent of $2,328, Cash Flow Asset In A Fast Appreciating Neighborhood. It Is Perfectly Suited for Renters With Ridgewoods Hottest Restaurants, Cafes, Bars & Bakeries At Their Fingertips with stunning views of the city from roof. INCOME BREAKDOWN=1R-$670.77 Exp. 11/30/23, 1L $1,055.96 Exp. 11/30/23, 2R-$2,200. 2L-FM=$1,774 Exp. 1/31/24, 3R-$1,431.50 EXP. 11/30/23, 3L-FM=$1,600.50 EXP. 1/31/24. EXPENSES= Super-$2,100, Gas-$4,252, Elec-$655, Pest Control-$1,300, Water-$4,900, Taxes-$8,629.68, Ins.-$3,046. ( Current Taxes are $8,629.68 with a DRIE TAX CREDIT of $5,542 yearly)

Property Features