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16 92 Grove Street

Ridgewood, NY 11385

6 beds
3 baths
3,980 sqft
2,000 sqft lot
$497 per sqft
1915 build
– on site

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!

Listing courtesy of ONEKEY / Skylux Realty Inc

Last checked: Checking… • Last updated Oct 27, 2024 •

MLS# 3582428 —

The Building

Year Built:

1915
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Two Story
Basement:

See Remarks
Levels:

Three Or More
Common Walls:

No Common Walls
Building Area Units:

Square Feet

Interior

Rooms Total:

10

Room Dimensions

Living Area:

3980
Living Area Units:

Square Feet

Location

Directions:

Please see Google Maps
Cross Street:

Cypress Ave

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Attached:

false
Lot Features:

Near Public Transit
Lot Size Acres:

0.05
Lot Size Area:

0.05
Lot Size SqFt:

2000
Lot Size Units:

Acres
Lot Size Source:

Other
Lot Size Dimensions:

20x100
Parcel Number:

03443-0032
Flood Zone Report:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

32
Tax Block:

3443
Tax Map Number:

03443-0032
Tax Annual Amount:

6426

Beds

Bedrooms Total:

6

Baths

Total Baths:

3
Full Baths:

3

Heating & Cooling

Heating:

Natural Gas, Other
Cooling:

None
Cooling:

false

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Ps 81 Jean Paul Richter
Elementary School District:

Queens 24
Middle Or Junior School:

Is 77
Middle Or Junior School District:

Queens 24
High School:

Grover Cleveland High School
High School District:

Queens 24

The Community

Community Features:

Park, Near Public Transportation
Senior Community:

false

Parking

Garage:

true
Garage Spaces:

2
Attached Garage:

true
Parking Total:

2
Parking Features:

Private, Attached, 2 Car Attached

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/1/24 Oct 1, 2024	Listed / Active	ONEKEY	$1,980,000

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This multifamily located in Northern Brooklyn, New York, NY 11385 is currently for sale for $1,980,000. 16 92 Grove Street is a 3,980 square foot multifamily with 6 beds and 3 baths that has been on Estately for 34 days. 16 92 Grove Street is in the Northern Brooklyn neighborhood of New York and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of P.S. 075 Mayda Cortiella and J.H.S. 291 Roland Hayes.

Listing Courtesy of: ONEKEY and Skylux Realty Inc.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.