279 St. Nicholas Avenue, Ridgewood, NY 11385

GREAT INVESTMENT CORNER MIXED-USE BUILDING - 3000 SF

This three-story corner mixed-use building in prime Ridgewood consists of one store, three apartments, and a garage. Two apartments have three bedrooms and two bathrooms, and the other has one bedroom and one bathroom. All units are renovated with stainless steel appliances, including a dishwasher, and each has an in-unit washer and dryer. The store is approximately 1,000 SF with about 18 FT of frontage and sits on a street that has excellent foot traffic. At 3,000 SF, the building measures 20' x 50' and sits on a 1,818 SF lot measuring 20' x 90.92.' It has the potential to produce a gross annual income of approximately $145,200.00 and has a 7.4 % potential cap rate. The building is located near Myrtle Avenue with lots of shopping and other conveniences and is just three blocks from the L and M trains at the Myrtle/Wyckoff station, 5 blocks from the M train at the Seneca Avenue station, and steps from multiple bus lines.