Discover a prime investment opportunity in the heart of Ridgewood, Queens. This six-unit, rent-stabilized property offers a stable income stream and is situated in one of New York City's most vibrant neighborhoods. Units: 6 rent-stabilized apartments with annual gross Rent Roll: $113,661 with a Net Operating Income (NOI): $70,191 Recent Upgrades: New boiler installed in 2024; two units feature renovated bathrooms, Ridgewood is renowned for its diverse culinary scene, historic charm, and strong community spirit. Residents enjoy easy access to public transportation, including the M and L subway lines, facilitating convenient commutes to Manhattan and Brooklyn.
| MLS # | 979762 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1931 |
| Days On Site | 163 |
| Listing Provided By | Charles Rutenberg Realty Inc | Donald Oula |
| SQ Feet | 5,712 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Zoning | R6B |
| Acreage | 0.06 |
| Cooling | None |
|---|---|
| Heating | Forced Air |
| Construction Materials | Block, Brick |
|---|
| Parking Features | None |
|---|
| Utilities | Natural Gas Available, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 356400 |
| Tax Annual Amount | 15145.24 |
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $1,295,000 low | high Med: $1,100,000 sqft: 5,712 low | high Med: 3,300 $ / sqft: $227 low | high Med: $333 On site: 163 low | high Med: 123 | |
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $1,295,000 low | high Med: $1,100,000 sqft: 5,712 low | high Med: 3,300 $ / sqft: $227 low | high Med: $333 On site: 163 low | high Med: 123 | |
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