1 month on rocket

16-92 Grove St, Ridgewood, NY, 11385

$1,998,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
2 Full Baths
Multi
Schools Nearby

Location

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16-92 Grove St, New York$1,998,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingShared Driveway, None
Year Built1915
HeatingNatural Gas, Hot Water
CoolingNone
MLS #3536723
Lot Size0.05 Acres
StatusActive
(A)

About 16-92 Grove St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1915

Listing Office:

  • Office Name: Skylux Realty Inc
  • Office Phone: (718) 500-2231

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Shared Driveway, None

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: Refer to google maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,998,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

16-92 Grove St vs New York

49 DAYS ON ROCKET

-47 Days

$1,998,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3536723

Listing Office:

  • Office Name: Skylux Realty Inc
  • Office Phone: (718) 500-2231

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2024, 11:56:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,057

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2835361
3
/10

  • PS 81 Jean Paul Richter

  • 559 Cypress Ave

  • 0.11 miles

  • Public District Grades KG-5

school-card-donut-2835362
7
/10

  • PS 86 The Irvington

  • 220 Irving Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-2835363
7
/10

  • Learners and Leaders

  • 378 Seneca Ave

  • 0.37 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,897. The majority of New York, NY residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11385›16-92 Grove St

This home is located at 16-92 Grove St in Ridgewood, NY and zip code 11385 in the Ridgewood neighborhood. This home, which was built in 1915, sits on a 0.05 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 10, 2024 and is currently priced at $1,998,000.

In March 2024 more than 154 listings in New York, NY were sold above the asking price. During the same period more than 645 listings were sold at asking price, while more than 748 were sold below. In March 2024 in New York, NY there were 3.7% more homes for sale than in February 2024. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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