16-92 Grove Street Ridgewood NY, 11385 SD# 11
$1,980,000
6 Beds / 3 Full Baths | ML# 3582428
Property Picture

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!

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    Heidi Spellman Realty Licensed Real Estate Broker 516.767.0200 heidi@hsr-ny.com