Price Reduction
Address
1&5 Ridgewood Place, Bushwick, NY
Price
$ 3,375,000
Property Attributes
  • MLS#3509869
  • TypeCommercial
  • CountyBROOKLYN
  • CityBushwick
  • Zip11237
  • Style
  • Taxes$ 126
  • Price$ 3,375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
OneKey® MLS
Property Description

Remarkably Low Taxes: $126.40 for the 2022/2023 tax year at 1 Ridgewood Place $232.96 for 2022/2023 tax year at 5 Ridgewood Place. Finished Basement: With a separate entrance, enhancing the property's appeal. Renovated Apartments: 70% of the apartments have been renovated, leading to reduced real estate taxes. Zoning: R6, C2-3 zoning, enabling a variety of residential and commercial uses. Location Highlights: Bushwick: A vibrant neighborhood known for its street art, local shops, and diverse cuisine. Proximity: Close to major transportation and 3 shopping centers within a 2.4-mile radius. "Exceptional Investment Opportunity: 12 Rent-Stabilized Units in Ideal Combination". Seize this opportunity to invest in the thriving Brooklyn real estate market. High rental income and long-term appreciation potential await. Act now and be part of this exciting venture!

Price History
10/11/2023 Listed $4,060,000
11/1/2023 8% - $3,754,000
4/13/2024 11% - $3,375,000

General Features

Standard Status Active

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11237

Price
AVG $1.58M
$3.38M
Visits
AVG 101
203
Data Provided by Inside Real Estate®
Walkscore
AVG 95
99
Data Provided by Walkscore® not using MLS data

Areas We Cover

Fair Housing Icon NY Fair Housing Notice