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$3,000,000

for sale

In contract 8/28/2024

7,500 ft²

$400 per ft²

54 rooms

12 beds

4+ baths

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Listing by EXP Realty, Real Estate Branch Office, 68-56 Groton Street, Forest Hills, NY 11375

Common charges

Not applicable

Estimated payment

/mo

Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

Taxes

$31,753/mo

Tax abatement

No info

About

Seller’s agent

/

Mustapha Kaddour

Licensed Real Estate Salesperson

EXP Realty

Description

This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278,544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each.

Policies

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Home features

  • Hardwood floors

Building amenities

No info on building amenities

About the building

712 Cypress Avenue

712 Cypress Avenue, Ridgewood, NY 11385

Mixed-use building in Ridgewood

4 units

3 stories

1931 built

Property history

  • Price change: ↓ $400,000 (-11.8%) on 7/24/24
  • Days on market: 118 daysThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

8/28/2024

$3,000,000

In contract

7/24/2024

$3,000,000

Price decreased by 12%

5/13/2024

$3,400,000

Price decreased by 7%

5/2/2024

$3,650,000

Listed by EXP Realty

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