Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Pets: | Pets No |
| Lot Size: | 0.07 Acres |
Financials
DescriptionLooking 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
Amenities- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
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
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
Looking for a dependable investment in a fast growing Queens neighborhood ?
DescriptionLooking 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
Amenities- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
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
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
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.
