Invictus Property Advisors is pleased to announce the successful sale of an 6-unit multifamily building located in Ridgewood, Queens. The property was delivered vacant, with the current owner in the midst of a substantial rehabilitation aimed at deregulating the building and converting all units to free-market status.
Located just three blocks from the Forest Avenue Subway Station on the M line, this property is located in a prime residential area of Ridgewood, Queens.
Manhattan Office
212 596 7579
Manhattan Office
212 596 7570
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SF11,000
Cap Rate 5.66%
Lot Dimensions102' x 100'
NotesCorner
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103-19 & 103-23 Merrick Boulevard
$2,950,000
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SF4,890
$/SF$408
Frontage25'
Units6
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19-28 Linden Street
$1,865,000
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Units6
SF4,875
Frontage25'
NotesVacant
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17-25 Himrod Street
$1,600,000
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SF4,455
Cap Rate6.40%
Units6
GRM10.4x
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1647 Summerfield Street
$1,360,000
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SF4,887
Cap Rate6.09%
Units6
PPSF$286
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1659 Cornelia Street
$1,400,000
