Property Details

Overview

EXP Realty has retained the exclusive to present 17-19 Stanhope Street in Ridgewood, Queens for Sale. Building size is 25 X 65, 4875 sqft and Lot is 25 X 100, 2500 sqft, Zoning R6B. Property is an attached eastward-facing, 3 stories brick building that encompass 6 rent stabilized units of which all are occupied. All apartments contain 4 large rooms. They’re all 2 bedroom railroad apartments with 1 bathroom at approximately 725 sqft. Annual preferential rent roll is $98K and Legal Rent roll is $117K. Annual taxes are $14K and with its’ low expenses, the total expenses are $29K. Apartment conditions vary from modern and updated such as, 3L, 2L, 1L, 1R (pictures available upon request), to an older condition but still well maintained as in 2R, 3R. Pictures displayed is 2R.There are only 7 people residing in the property. Perhaps 2 empty units in the near future. Property is meticulously well maintained throughout the years with an oil boiler with an updated roof and brand new skylight. It’s clear of all HPD and DOB violations which demonstrate non-problematic tenants. This is a clean building with up to date DHCRs and proper leases with no-hassle on-time paying tenants. For the L train on DeKalb Ave is 2 blocks away and Myrtle-Wyckoff Ave for the M, L is a 10 minute walk. This property is an incredible investment for a savvy investor that truly understands this area of Ridgewood, Queens. We have pictures and videos of all apartments, all DHCRS and Leases, and complete financials are all available upon request.