Veterans United Realty
6 Photos

16-92 Grove Street, Ridgewood, NY 11385

$1,980,000 Asking Price

6 beds
3 baths
3,980  sqft
Built in 1915

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 Status:
Active
Date Added:
October 1, 2024 — 47 days ago
Listing Office:
Skylux Realty Inc
Office Phone:
718-500-2231
MLS ID:
3582428

Features & Amenities

Interior

Basement:
See Remarks
A/C:
false, None
Heating:
Natural Gas, Other
Fireplace:
Fireplaces: 0

Exterior

Style:
Two Story
Parking:
Private, Attached, 2 Car Attached, Parking spaces: 2

Construction

General:
Three Or More

Location

Originating MLS:
onekey
School District:
Queens 24
County:
Queens

Lot

Zoning:
03443-0032

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
onekey
Exclusions:
None

This listing courtesy of:
Skylux Realty Inc

About Ridgewood, NY

Housing

Number of Units
37,771
Median Home Value
$698,707
Median Rent
$1,536

68.86% of housing units are renter occupied.

6.43% are vacant.

Commute

Car
27.01%
Public Transportation
47.00%
Walk to Work
5.75%
Work from Home
18.82%
Other
0.27%

The median travel time to work is 37 minutes.

People

Population
95,676
Median Age
36.90
Median Household Size
3.14

Education

High School
30.72%
Associate’s Degree
7.67%
Bachelor’s Degree
19.85%
Graduate Degree
10.36%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Fair Housing Notice Last Updated: November 17, 2024 4:40 am.

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