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5513 Metropolitan AVE Ridgewood, NY 11385
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Key Details
Sold Price $990,000
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $300
MLS Listing ID 470968
Sold Date 01/24/24
Property Sub-Type Mixed Use
Property Description
Open house by appointment only.Rare chance to own a major income producing mixed-use property in the prime Metropolitan Ave, Ridgewood.High Proj. Cap Rate!
This property consists of one prime commercial store on the ground floor with full finish basement and two excellent condition 2 bedrooms residential units above.Fully renovated few years ago from top to bottom with new electric, new plumbing etc. 3 separate gas boiler and water heater.tenants pay for own utilities. building size is 20×55 and lot size is a 20×80., zoning r6b-C2-4. FAR 2.you could potentially build another 992 square feet.
This solid property boasts incredible potential for the new owner to collect an increasingly appreciating rental income. low property tax $5,913.house can be delivered vacant,teannt in place that can stay as well,great for 1031 exchange, investment, or owner use.A truly must see to believe and appreciate property.
Location
State NY
County Queens
Area Ridgewood
Zoning r6b
Rooms
Basement Finished, Full
Interior
Interior Features Other
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Other
Roof Type Other
Building
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash
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Bought with RE/MAX Edge