16-92 Grove Street

Ridgewood

$1,980,000
Price
6
Beds
3
Baths
3,980 Sq. Ft.
$497 / Sq. Ft.
3,980
Sq. Ft.
$497
per Sq. Ft.

Description

Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly...Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly accessible location with easy transportation access, this property presents a rare chance for investors to secure steady returns in a thriving area. Don't miss out on this great opportunity!
  1. Listed by Fei Guo • Skylux Realty Inc
    P: (718)-500-2231 C: (516)-587-9113 fei@skyluxny.com
  2. Listed by Anna Huang • Skylux Realty Inc
    P: (718)-500-2231 C: (516)-587-9113 feihouma@gmail.com

Property Details for 16-92 Grove Street

Township
Queens
Architectural Style
Two Story
Community Features
Park,Near Public Transportation
Garage Spaces
2.00
Section Area
Cypress Ave
Offer Presentation
Cannot be Present
LISTING UPDATED: 10/02/2024 12:12 AM

Property Details for 16-92 Grove Street

StatusActive
MLS ID3582428
Days on Market51
Taxes$6,426 / year
Maintenance-
Min. Down Pymt-
Total Rooms10.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1915
Lot Size2,000 SF
CountyQueens County

Building Information for 16-92 Grove Street

Stories-Residences2Year Built1915Building Size-Lot Size2,000 SFBuilding Age-Building Type-

Property Information for 16-92 Grove Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 10
  • Directions: Please see Google Maps
  • Tax Block: 3443
  • Tax Lot: 32
  • Property Attached: No
  • Structure Type: false
  • Levels: Three Or More
  • New Construction YN: No
  • Flood Zone Report: 0
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Queens 24
  • Elementary School District: Queens 24
  • Elementary School: Ps 81 Jean Paul Richter
  • Middle Or Junior School District: Queens 24
  • Middle Or Junior School: Is 77
  • High School District: Queens 24
  • High School: Grover Cleveland High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 2
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Additional
  • RoomDescription 1: Laundry Shop
Room 2 Information
  • Room Level: Second
  • Room Type: Living Room
  • Room Description: Living Room, 3 Beds, 1 Bath
Room 3 Information
  • Room Level: Third
  • Room Type: Living Room
  • Room Description: Living Room, 3 Beds, 1 Bath
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 03443-0032
  • Tax Map Number: 03443-0032
Interior and Exterior Features
Interior Features
  • Amenities: Near Public Transportation, Park, Public, Two Story
  • Number Of Kitchens: 2.0
  • Total Rooms: 10
  • Living Area: 3980.0
  • Living Area Units: Square Feet
  • Basement: See Remarks
  • Fireplaces Total: 0
  • Location Amenities: 2 Story, Near Public Transportation
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: Private, Attached, 2 Car Attached, Park, Near Public Transportation, Near Public Transit
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Dimensions: 20x100
  • Site Features: Park, Near Public Transportation, Near Public Transit
  • Building Size: 20x62
  • Building Area Units: Square Feet
Parking
  • Parking Features: Private, Attached, 2 Car Attached
  • Parking Total: 2.00
  • Attached Garage: Yes
  • Garage: Yes
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Other
  • Heat Fuel Type: Natural Gas, Other
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 3
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 4
Green Features
  • Green Features: Natural Gas, Other

Property History for 16-92 Grove Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 16-92 Grove Street

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
P.S. 81 Jean Paul Richter
PublicPK to 5

Joseph F Quinn Intermediate School 77
Public6 to 8

Maspeth High School
Public9 to 12

Learners And Leaders
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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16-92 Grove Street is a multi-family home for sale in Ridgewood. This property was listed for sale on October 1, 2024 by Skylux Realty Inc, it's currently listed at $1,980,000. This listing's school district is New York City Geographic District #24. Nearby schools include P.S. 81 Jean Paul Richter, Joseph F Quinn Intermediate School 77 and Maspeth High School. 16-92 Grove Street is a 6-bed, 3-bath, 3,980 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skylux Realty Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.