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Multifamily

5925 Grove Street

5925 Grove St, Queens, NY 11385

Listing Price: $6,250,000

Cap Rate
5.32%
Number of Units
15
Price/Unit
$416,667
Price/Gross SF
$339.25
Gross SF
18,423

Investment Overview

Three story, 15-Unit Multifamily Property in Ridgewood, Queens, NY with a 421a Tax Abatement (Expires 6/30/2026). Approximately 18,423 SQFT Building Resting on a 0.31 Acre Parcel. Unit Amenities Include Walk-In Closets, Granite Countertops, Crown Moldings, Stainless Steel Appliances, & Tile Floors. Rare On-site Parking, 12 Total Surface Parking Spaces. Numerous National Tenants in the Area including Walgreens, CVS, Pep Boys, Rite Aid & more. Strong Demographics with 1,100,000 Residents & an Average Household Income of $92,000 within 3 Mile Radius

Investment Highlights

  • Three story, 15-Unit Multifamily Property in Ridgewood, Queens, NY.
  • 421a Tax Abatement (Expires 6/30/2026).
  • Approximately 18,423 SQFT Building Resting on a 0.31 Acre Parcel.
  • Unit Amenities Include Walk-In Closets, Granite Countertops, Crown Moldings, Stainless Steel Appliances, & Tile Floors.

Exclusively Listed By

Multifamily

5925 Grove Street

Listing Price: $6,250,000

Cap Rate
5.32%
Number of Units
15
Price/Unit
$416,667
Price/Gross SF
$339.25
Gross SF
18,423

Investment Highlights

  • Three story, 15-Unit Multifamily Property in Ridgewood, Queens, NY.
  • 421a Tax Abatement (Expires 6/30/2026).
  • Approximately 18,423 SQFT Building Resting on a 0.31 Acre Parcel.
  • Unit Amenities Include Walk-In Closets, Granite Countertops, Crown Moldings, Stainless Steel Appliances, & Tile Floors.

Investment Overview

Three story, 15-Unit Multifamily Property in Ridgewood, Queens, NY with a 421a Tax Abatement (Expires 6/30/2026). Approximately 18,423 SQFT Building Resting on a 0.31 Acre Parcel. Unit Amenities Include Walk-In Closets, Granite Countertops, Crown Moldings, Stainless Steel Appliances, & Tile Floors. Rare On-site Parking, 12 Total Surface Parking Spaces. Numerous National Tenants in the Area including Walgreens, CVS, Pep Boys, Rite Aid & more. Strong Demographics with 1,100,000 Residents & an Average Household Income of $92,000 within 3 Mile Radius

Exclusively Listed By

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