Real estate prices in Ridgewood continue to skyrocket, and one example is this six-story building in the heart of the neighborhood now listed for more than $4 million after undergoing a major renovation.
The six-family apartment building located at 1018 Cypress Ave. is fully occupied and is currently on the market for $4.2 million, according to Greiner-Maltz Investment Properties, which is offering the site.
The 5,250-square-foot building has been recently gut-renovated and houses six four-bedroom, two-bathroom apartments, with the first floor featuring two duplex apartments. Each unit is equipped with central air conditioning and heating.
The building also has a shared laundry room, a video intercom system, a roof deck, lounge and bicycle storage space.
Rents on these apartments range from $3,425 to an astounding $4,475 per month.
Other gut-renovated apartments in Ridgewood have been listed at similar prices, such as the four-family home on Jefferson Avenue listed for $2.6 million, and another six-family, home on George Street hitting the market for $3.75 million.