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Three-story apartment building with community BBQ in Ridgewood on sale for $7.5M

Photo couresty Greiner Maltz Investment Properties

A three-story apartment building on Grove Street in Ridgewood is on the market for $7.5 million, according to Greiner Maltz Investment Properties.

The newly built property, located at 59-25 Grove St., contains 15 two-bedroom units where all tenants are responsible for paying their own utilities, and can pull in a gross annual income of $364,740 before real estate taxes and operating expenses, Greiner Maltz said.

The building includes amenities such as a community BBQ, a terrace and a laundry room located in the basement. It is four blocks away from the M train stop and the commercial district on Forest Avenue.

“This property offers immense opportunity to own a beautifully built building in the up-and-coming neighborhood of Ridgewood,” Greiner Maltz said.

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