1823 Bleecker Street, Ridgewood, NY 11385

This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light.   The building consists of three free-market units and three rent-stabilized units.   All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers.  At three stories high, the building is 3,600 SF and measures 20' x 60'.   It sits on a 2,500 SF lot measuring 25' x 100.'   The building has the potential to produce a gross annual income of approximately $187,594 and has a 8.61% potential cap rate.   The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue.   This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.