See Home Value
$3,128,000 - $3,822,000
Multifamily - Off Market

297 Saint Nicholas Avenue

Ridgewood, NY 11385
bedrooms
Studio
bathrooms
10 Baths

About This Property

This mixed-use, corner building in Ridgewood contains two retail units-a laundromat with 800 square feet and a vacant store with 150 square feet-and seven free-market three-bedroom residential units. The laundromat's lease expires in 2027 and increases at a rate of 3% per year. The building has 7,260 total square feet, stands four stories high, and sits on a 22' X 90.92' lot on a prime corner on the Ridgewood/Bushwick border, only a block away from the L and M trains at Myrtle-Wyckoff Avenues. The property currently boasts a 6.85% cap rate, bringing in $312,336 a year with the potential of a $426,348 income stream (10.13% cap rate!) in the next five years. This is an amazing opportunity to invest in a highly sought-after neighborhood in New York City.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Mar 31, 2024 No longer available -
No longer available
Nov 3, 2023 Price Decreased $3,475,000
↓ $25K (0.7%)
Price Decreased
Oct 27, 2023 Price Decreased $3,500,000
↓ $100K (2.8%)
Price Decreased
Oct 3, 2023 Price Increased $3,600,000
↑ $4M (359,999,900%)
Price Increased
Sep 28, 2023 Listed $1
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$3,425,000 May 5, 2016
$3,425,000 Jan 12, 2017
-
Multifamily
20 Beds
14 Baths
-
$2,890,000 Jun 12, 2019
$2,890,000 Sep 4, 2019
$1,142/mo
Commercial
Loft
-
-
$3,150,000 Sep 27, 2021
$3,150,000 May 5, 2022
-
Multifamily
12 Beds
11 Baths
-
$2,750,000 Dec 15, 2021
$2,750,000 Jul 22, 2022
$1,301/mo
Commercial
Loft
-
-
$2,000,000 Apr 2, 2019
$2,000,000 Nov 7, 2019
$1,713/mo
Commercial
Loft
-
-
$2,835,000 Jan 10, 2020
$2,835,000 Nov 13, 2020
$1,224/mo
House
Stu
-
-
$3,754,000 Oct 11, 2023
-
$11/mo
House
Stu
-
-
$2,999,999 Apr 12, 2023
-
-
House
Stu
-
-
$2,999,000 Oct 2, 2023
-
$452/mo
Multifamily
8 Beds
2 Baths
-
$3,500,000 Sep 14, 2023
-
$968/mo
Other
Loft
-
6,160 ft²
$583/ft²
$3,590,000 Oct 6, 2023
-
-
Commercial
Loft
-
-
$3,200,000 Feb 29, 2024
-
$5,791/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230201
02/01/2023
Studio
9 Bath
7260 ft²
$3,900,000
bedrooms
Studio
bathrooms
9 Bath
square feet
7260 ft²
-
-
-
Emma Barattini
EVERGREEN REALTY & INVESTMENTS

Building Info

297 St Nicholas Avenue 297 St Nicholas Avenue, Ridgewood, NY 11385
  • 8 Units
  • 1 Unit for Sale
More about this Building
297 St Nicholas Avenue
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About Northwestern Queens


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