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$ 1,790,000
Est. payment | /mo
2,844 Sqft Lot
$ 1,790,000
Est. payment | /mo
2,844 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 891975
Rental Info No
Year Built 1930
Annual Tax Amount $24,401
Lot Size 2,844 Sqft
Acres 0.0653
Property Sub-Type Multi Family
Source onekey2
Property Description
Looking for a dependable investment in a fast-growing Queens neighborhood? This well-maintained three-story multi-family with basement sits in a high-demand area of Ridgewood, offering six residential railroad-style units and consistent rental income with significant upside potential.
With 5 of 6 units occupied and one vacant, this property gives buyers the immediate opportunity to increase cash flow by leasing the vacant unit at market rent or upgrading interiors over time to boost value.
Key Highlights:
1. Six Residential Units (Rent-Stabilized)
2. Gross Annual Rent: $120,775
3. One 3BR Unit Vacant – Projected $44,000/year
4. Low Annual Operating Expenses: $73,781
5. Attractive Brick Exterior & Low Maintenance Costs
6. Same Ownership for Over 40 Years – Pride of Ownership
7. Zoning: R6B / C1-4 – Potential for Future Redevelopment
8. Lot Size: 2,844 SF | Building Area: 5,833 SF
With 5 of 6 units occupied and one vacant, this property gives buyers the immediate opportunity to increase cash flow by leasing the vacant unit at market rent or upgrading interiors over time to boost value.
Key Highlights:
1. Six Residential Units (Rent-Stabilized)
2. Gross Annual Rent: $120,775
3. One 3BR Unit Vacant – Projected $44,000/year
4. Low Annual Operating Expenses: $73,781
5. Attractive Brick Exterior & Low Maintenance Costs
6. Same Ownership for Over 40 Years – Pride of Ownership
7. Zoning: R6B / C1-4 – Potential for Future Redevelopment
8. Lot Size: 2,844 SF | Building Area: 5,833 SF
Location
State NY
County Queens
Rooms
Basement Bilco Door(s), Storage Space, Unfinished
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Keystone Realty USA Corp