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Arif Baksh

arif@asarealestategroup.com +1(914) 494-1549

$950,000

Est. payment - /mo

2,500 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1007752

Style Row Dwelling

Rental Info No

Year Built 1930

Annual Tax Amount $14,361

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Multi Family

Source onekey2

Property Description

Investor's Dream in Prime Ridgewood,Queens! This well-maintained 6-Family building offers a rare opportunity to own a stable, income-producing asset in one of Queens' most sought-after neighborhoods. The property features **Six Residential Units, all configured as spacious 2-bedroom, 1-bathroom apartments**, a highly desirable layout that continues to attract strong tenant demand. With a proven rental history, the building generates **$106,500 in annual gross rental income** and produces approximately **$73,400 in net operating income**, offering an attractive **7.73% cap rate** at the asking price of **$950,000**. Located in the heart of Ridgewood, residents enjoy easy access to popular restaurants, cafés, boutique shopping, parks, nightlife, and multiple public transportation options. The neighborhood's strong rental demand, vibrant atmosphere, and convenient access to Brooklyn and Manhattan make this an excellent long-term investment opportunity. Whether you're looking to expand your portfolio or secure a foothold in one of New York City's most resilient rental markets, this income-producing property checks all the boxes. Don't miss this opportunity to own a cash-flowing multifamily asset in a prime Ridgewood location.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Heating Radiant

Cooling Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Parking Features On Street

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Contact Agent

School District Contact Agent

Others

Special Listing Condition None

Read Less Info

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Annkey Realty, Inc. • Thinley Yangkyi

NEARBY SCHOOLS & PROPERTIES

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.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY, 10603-1937, USA

1718 Himrod ST Ridgewood, NY 11385