New Listing - 10/01/2024

$1,980,000 ($497.49 per sqft)

Est. Mortgage $9,625/mo *

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16-92 Grove Street, Queens, (Ridgewood), NY, 11385

16-92 Grove Street, Queens, (Ridgewood), NY, 11385
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10 rooms

6 beds

3 Full baths

1915

Two Story

3,980 sqft

Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly accessible location with easy transportation access, this property presents a rare chance for investors to secure steady returns in a thriving area. Don't miss out on this great opportunity!

Status:

Active

Town:

Queens

Type:

Multi-family

Units:

2

Garage:

2-car Attached

Heating:

Natural Gas, Other

Cooling:

None

Basement:

See Remarks

Parking:

2-car, Private, 2 Car Attached

Acreage:

0.05

Est. Taxes:

$6,426

Construction

Brick

Lot Description:

Near Public Transit

Elementary School:

Ps 81 Jean Paul Richter

Middle School:

Is 77

High School:

Grover Cleveland High School

School District:

Community District 24

MLS #:

3582428

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Skylux Realty Inc 718-500-2231