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For SaleLuxury

$1,900,000

108 days on market

576 Ridgewood Avenue

Brooklyn, NY 11208

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1920

Built

Listing narrative

Description

Welcome to this completely updated 4-Unit Mixed-Use building offering a rare combination of immaculate condition and strong income potential. This 4-unit property consist of one (1) Three-Bedroom Apartment, and two (2) One-Bedroom apartments, one (1) ground-floor retail store, and three (3) attached garage spaces. Each unit is individually metered with its own electric meter and boiler, giving the new owner the flexibility to pass heat and electric costs on to tenants and significantly reduce operating expenses. All three apartments feature brand-new wall-hung Navien tankless water heaters for efficient, on-demand hot water. Major safety and infrastructure upgrades include a full building-wide sprinkler system, plus a new steel staircase running from the ground floor to the third floor. The brand new gas meters and electric smart meters have just been installed, and the building's gas lines passed a full NYC Buildings Department inspection this year. New security gates have also been added throughout the property, including all three garages. Please note, some images have been A.I modified for clarity. Located near major shopping centers and transit lines. This building is ready to start making YOU money!

Listing agent (MLS): Daylan Bisram · Listing brokerage (MLS): East Point Realty LLC

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,900,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

1,638 sqft

Year

1920

Status

For Sale

Days on Market

108

· 8% down, 7% APR, 30yr fixed
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Courtesy of East Point Realty LLC