For More Information, Please Contact Exclusive Agent:

John GonsalvesDirector of SalesReal Estate Salesperson646.925.0946jgonsalves@gmipny.com

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footagesand uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon theseestimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OFINCOME, AND ALL OTHER INFORMATION HEREIN.

Greiner Maltz Investment Properties24-09 38th Avenue

2nd FloorLong Island City, NY 11101

718.786.5050www.greinermaltz.com

PRIME MULTI-FAMILY BUILDING FOR SALE

IN RIDGEWOOD

Property Information:

Block/Lot: 3371/12

Lot Dimensions: 25’ x 95’

Lot SF: 2,379

Building Dimensions: 25’ x 60’

Stories: 2

Total Building SF: 3,000

Zoning: R6B

F.A.R: 1.26

Assessment (17/18): $336,000

R.E. Taxes (17/18): $6,783

DESCRIPTION

The subject property is a 2-story multi-familybuilding in Ridgewood, located on GrandviewAvenue between Bleeker Street and GreeneAvenue. The building is newly renovated andconsists of two three-bedroom apartments andtwo four-bedroom apartments. All units will bedelivered vacant. The property is convenientlylocated near the M subway line at the ForestAvenue station and is in close proximity tomultiple bus lines. This is a great opportunityfor an owner, user, or investor.

ASKING PRICE: $2,100,000

503 Grandview Avenue, Ridgewood, NY 11385

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

NEIGHBORHOOD INFORMATION

503 Grandview Ave. Ridgewood, NY 11385

Aerial View

TRANSIT MAP

FINANCIAL INFORMATION

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

REVENUE:

Unit LXP Size Monthly Rent Annual Rent

1R Vacant 3 BR; 1 BA $3,500 $42,000

1L Vacant 4 BR; 1 BA $4,000 $48,000

2R Vacant 4 BR; 1 BA $4,000 $48,000

2L Vacant 3 BR; 1 BA $2,600 $31,200

$14,100 $169,200Totals:

ESTIMATED EXPENSES

Real Estate Taxes (17/18): $6,783

Insurance: $3,400

Electric (Common): $600

Repairs & Maintenance: $1,000

Gas: Paid by Tenant

Water/Sewer: $2,300

Total: $14,083

FINANCIAL SUMMARY

Gross Annual Income: $169,200

Less R.E. Taxes: $6,783

Less Operating Expenses: $7,300

Net Operating Income: $155,117

503 Grandview

Avenue

503 Grandview Ave. Ridgewood, NY 11385