The subject property is a 3 Stories, 6,160 Square Feet Building inclusing 4 Commercial Retail Stores on the First Floor and Two (2) Bedroom Apartments on the Second Floor and (2) Two Bedroom Apartments on Tne Third Floor. The Building size is 22 X90 and it is Zoned C2-3A. All Units Pay For All Their Utilities including Heat, Gas and Electric. Stores Pay For Their Own Water.This is a Free Market Rent Building With Very Low Expenses, and With Upside Potential.It is an Excellent Investment Asset. The building is located in prime location in Ridgewood, Queens, close to many stores and public transportaion. Closest station Myrtle Ave & Seneca Ave at NE Corner Station lines M . Gross Income $252,828 and Net Income $205,090 Store Mexican Food $2,500 Lease For 5 years Store Chinese Food $4,400 Lease Expires May 2024 Store Shop $1,748 Lease Expires July 2024 Store Barbershop $2,021 Lease Expires 2026 2 Bedroom Apartment 2F $1,500 No Lease 2 Bedroom Apartment 2R $2,600 One Year Lease 2 Bedroom Apartment 3F $1,525 No Lease 2 Bedroom Apartment 3R $1,600 No Lease Current Monthly Gross Income $17,894 Current Annual Gross Income $214,728 Tax $37,738 Insurance $7,000 Water For Apartments $2,000 Current Net Income $168,890
