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Ridgewood,NY 11385
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY850334
Year Built 1931
Annual Tax Amount $15,205
Property Sub-Type Multi Family
Property Description
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
Gross Rent Roll: $110,115 annually
Net Operating Income (NOI): $76,042
Building Size: 5,712 sq ft
Lot Size: 2,800 sq ft
Stories: 3
Year Built: 1931
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.
Location
State NY
County Queens
Interior
Heating Forced Air
Cooling None
Exterior
Utilities Available Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block,Brick
Others
Special Listing Condition None