Prime Mixed-Use / Multifamily investment opportunity in the heart of Ridgewood, Queens. NY 11385 This property features a total of 7 residential units plus 2 ground-floor commercial stores. All residential units can be rented at full market rates, offering strong income potential and long-term upside. Current financials: * Gross Income: ~$387,200. * Net Operating Income (NOI): ~$$306,000. * Asking Price: $3.8M * Cap Rate: ~8% (at asking) Property highlights: * Maxed-use mixed-use building * 7 residential units + 2 commercial storesfronts * 3 residential units currently vacant - ideal for immediate lease-up or repositioning * Strong market rent upside * Solid brick construction Structural & building integrity: * Entire basement structurally reinforced * Heavy-duty steel support columns installed * Columns extend approximately 4-5 feet into foundation * Professionally maintained; excellent condition * provides strong long-term structural stability for the entire building Located in a high-demand rental corridor with excellent transit, retail, and neighborhood amenities. Looking for a serious cash buyer. Serious inquiries only. Financials available upon request. Proof of funds required prior to full disclosure.
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