This two-family house is for sale in one of the coolest neighborhoods in the world

NYC homebuyers should definitely check out this up-and-coming neighborhood. Located on the Queens-Brooklyn border, Ridgewood is one of the trendiest places to live in the world. This neighborhood ranked fourth on the 2022 Time Out Index survey and was named one of the best places to live on the planet. 

Ridgewood brings together history and trendiness. It has multiple historic districts, a variety of mom-and-pop shops, as well as hip bars and restaurants. This Queens neighborhood also offers some great investment opportunities, such as this one – a spacious two-family brick townhouse. 

In this home, the lower-level apartment spans across the first floor and the basement. It has a large light-filled bedroom, a home office, an open kitchen, and a living room with access to the private backyard. In addition, the fully-finished basement also includes a large recreation area, a full bathroom, and a ton of storage space. 

According to the listing, the upper-level unit has a railroad layout with two bedrooms, a kitchen, a separate living room, a work-from-home office, and a bathroom. This home is an excellent investment candidate. It is in great shape and is ready for an immediate move-in. As the new owner, you could choose between renting out the upper-level unit or both apartments at the same time. If you decide to rent out the entire property, your gross annual rental return will be around 4.6 percent. 

Ridgewood is the only US neighborhood that appeared in the Time Out top five list. The magazine named Colonia Americana in Guadalajara, Mexico, the world's coolest neighborhood. Cais do Sodré in Lisbon, Portugal, and Wat Bo Village in Siem Reap, Cambodia, ranked second and third. According to Time Out, all neighborhoods mentioned on the list have their own “distinctive flavor”. 

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“Ridgewood is one of the coolest neighborhoods in the world,” by Shaye Weaver (Time Out, 2022)