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16-92 Grove Street, Ridgewood, NY 11385
$1,998,000
16-92 Grove Street, Ridgewood, NY 11385View this property at 16-92 Grove Street, Ridgewood, NY 11385
16-92 Grove StreetRidgewoodNY11385
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Property 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 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!
Full Property Details
Full Property Details for 1692 Grove St
General
- Price: $1,998,000
- Taxes: $6,414
- Status: Active
- Type: Multi-Family
- MLS ID: 3536723
- Updated: 3/10/2024
- Added to Site: 91 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Additional Information
- Amenities: Park, Near Public Transportation
Parking
- Parking Features: Shared Driveway, None
Location
- County: Queens
- Township: Queens
- Cross Streets: Cypress Ave
- Driving Directions: Refer to google maps
School Information
- Elem School District: Queens 24
- Midd School District: Queens 24
- High School District: Queens 24
- Elementary School: Ps 81 Jean Paul Richter
- Middle School: Is 77
- High School: Grover Cleveland High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Hot Water
- Water Heater: Gas Stand Alone
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Two Story
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: See Remarks
- Common Walls: No Common Walls
- Building Size: 20X62
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,000
- Lot Size Source: Other
- Lot Dimensions: 20 x 100
- Lot Features: Near Public Transit
Financial Considerations
- Taxes Include: Trash
- Tax Amount: $6,414
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Property ID: 03443-0032
- Block: 3443
- Lot Number: 32
Listed by Skylux Realty Inc
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Schools
Schools serving 1692 Grove St
School District:New York City Geographic District #24
Rating | Name | Grades | Distance |
---|---|---|---|
559 Cypress Ave, Ridgewood, NY 11385 | PK-5 | 0.1 mi | |
378 Seneca Ave, Ridgewood, NY 11385 | PK-5 | 0.4 mi | |
976 Seneca Ave, Ridgewood, NY 11385 | 6-8 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1692 Grove St
Date
Details
Price
Change
Source
3/08/2024
Listed
$1,998,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1692 Grove St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,036
—
$31,450
-52%
2022
$6,038
-2%
$65,220
12%
2021
$6,159
4%
$58,020
-3%
2020
$5,937
6%
$59,640
3%
2019
$5,584
12%
$57,900
121%
2017
$4,999
—
$26,208
1%
2017
$4,999
4%
$25,992
2%
2016
$4,800
7%
$25,560
4%
2015
$4,489
123%
$24,539
6%
2014
$2,013
-45%
$23,150
6%
2013
$3,650
—
$21,840
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1692 Grove St
16-92 Grove Street, Ridgewood, NY 11385 (MLS# 3536723) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 16-92 Grove Street is currently listed for $1,998,000 and was received on March 08, 2024. Want to learn more about 16-92 Grove Street? Do you have questions about finding other Multi-Family real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.