17-09 Himrod Street, Ridgewood, NY 11385

RENT-STABILIZED SIX FAMILY • 7.5% POTENTIAL CAP RATE • RIDGEWOOD

This rent-stabilized three-story brick building is located in Ridgewood and consists of five rent stabilized units and one free market unit. Each unit has two bedrooms and five of the units are renovated. Unit 1R can be duplexed with the basement for a higher rent. A new boiler was installed in November 2015 and the roof was redone one year ago. This building has the potential to produce a gross annual income of approximately $123,099 with a cap rate of 7.5%. At 5,175 SF, the building measures 25' x 69' and sits on a 2,500 SF lot measuring 25' x 100'. It is two blocks to the L at Dekalb Avenue and steps from multiple bus lines. Close to plenty of supermarkets, restaurants, and bars as well as Grover Cleveland Park.