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72-04 Forest Avenue
House in Ridgewood •  building info
10bd • 5ba • 5,951ft² $407 per ft²
Sold price

$2,425,000

Key Details
Days on market
295
Last price change
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Estimated payment
$15,344
Taxes
$1,549
Monthly maintenance
N/A
Description
Corner Brick Mixed-Use 5 Family + Store w/ Garage & Full Basement! This is an Investor's Dream! 5.7% CAP Rate! Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Ridgewood. Just 5 mins to M train (Forest Ave) 3 blocks to Evergreen Park 7 blocks to the Rosemary's Playground Steps away from all shopping, boutiques, and groceries. This income-producing property features: - 5 Free Market Apartments (each are 2 Br/ 1 Bath) - Commercial Store is approx. 800 sq. ft (tenants have a 5-year lease) - All Apartments are in good condition, original wood floors that respect its pre-war character and charm: bright exterior, very high ceilings, hardwood floors, tall windows and so much more! - Quiet building. Very well maintained. - Full Basement - 1 Car Garage - Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer's market on Saturdays. Great Investment Opportunity! Additional Amenities: Formal Dining Room, Storage

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Listing Amenities
Hardwood floors
Building Amenities
Parking Available
History
What it'll cost
Purchase price
$2,425,000
Asking Price: $2,425,000
Term
30 Years
Down Payment
$242,000 (10%)
Min: 10% (242,000)
Rate
6.5 %
Mortgage Amount
$2,182,500
Mortgage Payment
$13,795
Taxes
$1,549
Estimated closing cost
$89,000
Total monthly cost $15,344
Listing Courtesy of Capri Jet Realty Corp

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