Multifamily
18-11 Grove St
18-11 Grove Street, Ridgewood, NY 11385
Listing Price: $2,000,000
Investment Overview
Marcus & Millichap has price reduced an exclusive listing, a 4,900 SF five-family residence on a 4,500 SF lot in one of New York City’s fastest-growing neighborhoods. The property provides immediate inplace cash flow with a vacant floor-through unit available for immediate lease-up, while also offering significant long-term infill development potential.
18-11 Grove St
Investment Highlights
- Immediate rental income with upside through leasing the vacant unit
- Prime infill development opportunity – zoning allows for multiple options, including: - Ground-up construction of a townhome residence - Development of an upscale boutique apartment building
- Flexible exit strategies combining current cash flow with future redevelopment options
- Located in a high-demand rental market with strong growth projections
- Walking distance to the L and M trains, providing direct access to Manhattan
Exclusively Listed By
Listing Price: $2,000,000
Investment Highlights
- Immediate rental income with upside through leasing the vacant unit
- Prime infill development opportunity – zoning allows for multiple options, including: - Ground-up construction of a townhome residence - Development of an upscale boutique apartment building
- Flexible exit strategies combining current cash flow with future redevelopment options
- Located in a high-demand rental market with strong growth projections
- Walking distance to the L and M trains, providing direct access to Manhattan
Investment Overview
Marcus & Millichap has price reduced an exclusive listing, a 4,900 SF five-family residence on a 4,500 SF lot in one of New York City’s fastest-growing neighborhoods. The property provides immediate inplace cash flow with a vacant floor-through unit available for immediate lease-up, while also offering significant long-term infill development potential.
Exclusively Listed By
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