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297 St Nicholas Ave
Ridgewood, NY 11385 Bushwick

$4,200,000 USD

Apartments For Sale  •  7,260 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,260 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 7.07 %
  • Zoning C2-4 / R6B
100 Transit Score
100 Walk Score

Highlights

Prime Ridgewood Mixed-Use Asset in a High-Demand Location
Well maintained throughout
Projected Gross Income Exceeding $475,000 Annually

Financial Summary (Actual)

Net Operating Income: $297,050 USD (2025)
Cap Rate: 7.07 %
Total Expenses: $92,361 USD

Amenities

  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 6 min - 2.8 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 11 min - 3.5 mi
Transit/SubwayDriveWalkDistance
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 0 min 3 min 0.2 mi
Seneca Avenue (M - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Forest Avenue (M - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 15 min - 7.1 mi
John F Kennedy International 18 min - 10.7 mi
Newark Liberty International 33 min - 17.7 mi
Alice Xin Zhang 917-900-8066 Billion Homes Realty Corp.
Alice Xin Zhang 917-900-8066 Billion Homes Realty Corp.