Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone
Photos via Greiner-Maltz Investment Properties
Photos via Greiner-Maltz Investment Properties
The price for a three-story, mixed use building for sale in Ridgewood has been reduced.

The price for a building housing a popular Polish-American deli up on Fresh Pond Road in Ridgewood has dropped down nearly $100,000, Greiner-Maltz Investment Properties has announced.

The building, which houses the deli on the first floor and three-bedroom, one-bathroom residential units on the second and third floors, located at 71-08 Fresh Pond Rd. is now selling for $1.6 million — down from $1,685,000.

According to Greiner-Maltz, each residential unit can be rented for an estimated $2,100 per month ($25,200 annually for each), while the 1,200-square-foot commercial space can bring in an estimated $3,500 per month, or $42,000 each year, totaling $92,400 a year in rent, making this property ideal for an investor.

The estimated expenses for the property include $5,473 in real estate taxes, $1,650 for insurance, $1,000 for repair and maintenance, $1,100 for common electrical work, $1,800 for water and sewer, and $3,000 for gas, totaling $14,023 for a net operating income of $78,377.

The approximately 3,299-square-foot building sits on an approximately 1,700-square-foot lot, and is near both the B13 and Q39 bus routes, and is a short walk to the M train station at Fresh Pond Road and the L train station at Halsey Street.

Additional information regarding this property can be found on the Greiner-Maltz Investment Properties website.

Comments:

Join The Discussion



Related Stories
Commanding officer of 104th Precinct says goodbye at Ridgewood meeting
Commanding officer of 104th Precinct says goodbye at Ridgewood meeting
Four Queens Catholic schools dazzle at NBA Math Hoops Tournament in Washington, D.C.
Four Queens Catholic schools dazzle at NBA Math Hoops Tournament in Washington, D.C.
Popular Stories
UPDATE: Man indicted on hate crime charges for attacking Muslim worker at JFK Airport
Inset courtesy of NYPD
UPDATE: Bayside man charged with sexually assaulting woman at a Flushing beauty salon
Photo via YouTube/MajorWorld
City accuses Queens-based car dealer Major World of predatory lending and inflating prices


Skip to toolbar
Web Analytics