1676 Jefferson Ave
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1676 Jefferson Ave
4 Unit Apartment Building $2,500,000 ($625,000/Unit) 6.10% Cap Rate Ridgewood, NY 11385
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 16-76 Jefferson Avenue. The subject property is located between Wyckoff Avenue and Cypress Avenue in Ridgewood, Queens.
The property offers four, gut-renovated apartments. All of the apartments are free market. Units 1R and 1L are duplexed. There are thirteen bedrooms, 11 bathrooms, laundry facilities, and an indoor gym available for all tenants. The high-end renovation gives the building a very modern feel.
The property is built 25 ft x 56 ft, offering approximately 2,800 square feet. 16-76 Jefferson Avenue sits on a 25 ft x 100 ft lot.
The property is located within walking distance to the MTA's L & M Subway Lines.
The property offers four, gut-renovated apartments. All of the apartments are free market. Units 1R and 1L are duplexed. There are thirteen bedrooms, 11 bathrooms, laundry facilities, and an indoor gym available for all tenants. The high-end renovation gives the building a very modern feel.
The property is built 25 ft x 56 ft, offering approximately 2,800 square feet. 16-76 Jefferson Avenue sits on a 25 ft x 100 ft lot.
The property is located within walking distance to the MTA's L & M Subway Lines.
Property Facts
| Price | $2,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $625,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.10% | Building Size | 2,800 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $2,500,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,800 SF |
| No. Stories | 2 |
| Year Built | 1931 |
Unit Amenities
- Dishwasher
- Microwave
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
Site Amenities
- Fitness Center
- Laundry Facilities
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 03548-0051 | Improvements Assessment | $63,163 |
| Land Assessment | $7,729 | Total Assessment | $70,892 |
PROPERTY TAXES
Parcel Number
03548-0051
Land Assessment
$7,729
Improvements Assessment
$63,163
Total Assessment
$70,892
zoning
| Zoning Code | R5B (Multi-family four (4) family walk-up apartment building) |
| R5B (Multi-family four (4) family walk-up apartment building) |
Contacts
-
Derek Bestreich -
Steve Reynolds -
Donal Flaherty -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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1676 Jefferson Ave
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