This four-family home in Ridgewood is located on a quiet, tree-lined street and features four comparably sized two-bedroom, one-bathroom apartments. Three of the units are vacant, and 1R is occupied, with the tenant currently paying $1,250 but the tenant agrees to pay market rent at $2,500. The ground floor units have the potential to be duplexed with a backyard. Once renovated, this property will boast a 8.6% cap rate with a projected gross annual income of $139,200, making it an attractive investment deal in one of New York City’s most popular neighborhoods.
