UPDATED:
02/27/2025 06:47 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY829092
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $19,032
Lot Size 2,726 Sqft
Acres 0.0626
Property Sub-Type Multi Family
Property Description
It is an exceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $110,853 in annual rental income. This well-maintained property consists of six spacious 3-bedroom railroad-style units, all thoughtfully updated and fully occupied, ensuring consistent cash flow. Situated on a quiet, tree-lined street, this property offers a semi-finished basement, a private backyard, and close proximity to top-rated schools, diverse cultural experiences, and a vibrant local community. Conveniently located near the Forest Ave and Seneca Ave train stations, commuting to Manhattan and surrounding areas is a breeze.
Ridgewood is known for its charming historic architecture, excellent school system, and strong rental demand, making this an ideal long-term investment. Whether you're expanding your portfolio or securing a steady income-producing asset, this 6-family gem is an opportunity not to be missed!
Annual rent roll - $110,853
Expenses approximately - $38,000 between water, heat, insurance, and property taxes
Location: Ridgewood, Queens (Brooklyn Border)
Transit: Near Forest Ave & Seneca Ave Train Stations
Features: 6 Renovated Units, Basement, Backyard
Investment: Fully Occupied, Strong Rental Income
Location
State NY
County Queens
Rooms
Basement Partially Finished
Interior
Heating Natural Gas, Seperate Meters
Cooling Electric, Separate Meters, Varies by Unit
Fireplace No
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.