Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,150,000
Annual Taxes:$19,032.20
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Alexiou Realty

Description

Discover this meticulously maintained 6-family brick home in the heart of Ridgewood, Queens, a thriving and highly sought-after neighborhood bordering Brooklyn. This turnkey investment property features six thoughtfully and excellently renovated units, all fully occupied, ensuring immediate rental income. 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

Amenities

  • Cable - Available
  • Cable Connected
  • Electricity Connected
  • Natural Gas Available
  • Sewer Connected
  • Trash Collection Public
  • Underground Utilities
  • Water Available
  • Water Connected

Discover this meticulously maintained 6 family brick home in the heart of Ridgewood, Queens, a thriving and highly sought after neighborhood bordering Brooklyn.


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.