Homes for sale - 72-55 60th LN, Ridgewood, NY 11385

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Tolga (Tony) Erzene

tony@notcityliving.com +1(973) 626-0175

$ 2,499,000

Est. payment | -/mo

16 Beds

8 Baths

3,484 SqFt

Save

$ 2,499,000

Est. payment | -/mo

Save

16 Beds

8 Baths

3,484 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,484 sqft

Price per Sqft $717

MLS Listing ID 934377

Style Colonial

Bedrooms 16

Full Baths 4

Half Baths 4

HOA Y/N No

Rental Info No

Year Built 1931

Annual Tax Amount $9,686

Lot Size 2,530 Sqft

Acres 0.0581

Lot Dimensions 3484

Property Sub-Type Single Family Residence

Source onekey2

Property Description

Welcome to 72-55 60th Lane, an exceptional investment opportunity! This meticulously maintained four-family building is ideally situated on the Ridgewood/Glendale border and offers a fully free-market setup — providing immediate and stable income in one of New York City's most dynamic and desirable neighborhoods. This rare property features four spacious units: two 4-bedroom, 2-bathroom duplexes and two 4-bedroom, 2-bathroom apartments — an uncommon configuration in the area. All units have been recently renovated, and each tenant pays their own utilities. Every unit includes central A/C and heating, generating a strong annual income of approximately $168,000 (including the owner's unit), with a projected potential income of around $182,400. With no rent-stabilization restrictions, investors can enjoy solid cash flow and maximum rental flexibility. The property showcases beautiful hardwood flooring throughout, with abundant natural light streaming through large windows to create a bright and inviting atmosphere. The modern kitchens are equipped with stainless steel appliances, including dishwashers, and the building offers the convenience of shared laundry facilities. The ground level of the duplex units provides additional space perfect for storage, recreation, or a home office — adding versatility and appeal for both tenants and owners. Spanning approximately 3,484 square feet, this property combines generous layouts with modern comfort. Conveniently located near the Fresh Pond Road M train, residents enjoy easy access to Manhattan and key destinations across Brooklyn and Queens, making this a highly desirable rental location. Surrounded by vibrant restaurants, trendy cafés, local shops, and a growing nightlife scene, this neighborhood ensures consistent tenant demand. It's an ideal opportunity for a savvy investor seeking strong returns or an end user looking to live in one unit while generating rental income to offset their mortgage. Contact us today for a detailed financial breakdown or to schedule a private showing.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Interior Features First Floor Bedroom

Heating Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features None

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Garage false

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Stucco

Schools

Elementary Schools Ps 68 Cambridge

Middle Schools Joseph F Quinn Intermediate School 77

High Schools Queens24

School District Queens24

Others

Senior Community No

Special Listing Condition None

Listed by Keller Williams Landmark II • Talaat A. Elkaray

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

72-55 60th LN Ridgewood, NY 11385