MIXED-USE FREE-MARKET BUILDING * 6.94% POTENTIAL CAP RATE * PRIME RIDGEWOOD This three-story mixed-use landmark building in prime Ridgewood has four fully renovated free-market apartments and one vacant 2,000 SF store with excellent frontage on Forest Avenue, a full basement, and a bathroom. At 5,800 SF (IRR), the building measures 60' (IRR) x 48' and sits on a 2,880 SF (IRR) lot measuring 60' (IRR) x 48.' With the potential to produce a gross annual income of approximately $213,600.00, this building has excellent earning potential. The building is located in a prime location in Ridgewood right on Forest Avenue and just a 4-minute walk to the M train at the Forest Avenue station. This is an excellent opportunity to buy in an upcoming neighborhood along the M line with plenty of new businesses opening up.
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