Nest Seekers

Priced to Sell 6 Family Building in the Heart of Ridgewood Excellent opportunity to acquire a well maintained 6 family multifamily building in one of Ridgewood s most historic and ...

New York, NY 11385

Listing

Web ID:5217143
Website:https://www.nestseekers.com/5217143

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,275,000
Annual Taxes:$24,401.16

Description

Priced to Sell – 6-Family Building in the Heart of Ridgewood Excellent opportunity to acquire a well-maintained 6-family multifamily building in one of Ridgewood’s most historic and desirable sections. The landlord has reserved one vacant unit, allowing for immediate owner occupancy or ease of showing. An owner-occupant can live rent-free while offsetting the mortgage with five income-producing units, or an investor may fully lease the property to maximize returns. This classic property is in very good condition and offers strong long-term investment potential. Located within the Ridgewood Historic District All apartments are railroad-style layouts: · Left-side units: 3 bedrooms / 1 bathroom · Right-side units: 2 bedrooms / 1 bathroom The property is ideally situated just 0.3 miles from the M Train at Fresh Pond Road and steps from multiple bus lines offering direct access to Atlas Park, Queens Center Mall, and the first stop on the M line. Centrally located near local restaurants, retail shops, grocery stores, and with convenient access to neighboring neighborhoods. A solid asset with flexibility, location, and upside—ideal for both investors and end users. **Prospective Purchaser must be aware of Rent Stabilization Laws** 122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to: Yianni Bachas

Amenities

  • Trash Collection Public
  • Walk Up
  • View of apartment building / complex
  • View of building exterior
  • Kitchen with stainless steel appliances, light countertops, decorative backsplash, brown cabinetry, and under cabinet range hood
  • Empty room featuring a decorative wall, radiator, and light wood-style floors
  • Spare room with light wood-type flooring, ceiling fan, and a decorative wall
  • Unfurnished bedroom with a closet and wood finished floors
  • Bathroom featuring vanity, shower / tub combination, tile walls, and light tile patterned flooring
  • Kitchen featuring white range with gas cooktop, decorative backsplash, light wood-style flooring, under cabinet range hood, and a ceiling fan
  • Kitchen featuring white appliances, radiator heating unit, tasteful backsplash, under cabinet range hood, and light wood-type flooring
  • Bedroom featuring a desk, crown molding, and light wood-style flooring
  • Living area featuring a chandelier and hardwood / wood-style floors
  • Sitting room featuring light wood-type flooring and a chandelier
  • Bedroom featuring light wood-style floors
  • Full bath featuring vanity, shower / tub combo, and tile walls
  • View of below grade area
  • View of unfinished below grade area
  • Utilities with water heater and a heating unit
  • Basement featuring electric panel
  • View of yard
  • View of side of property
  • View of patio / terrace
  • Bird's eye view
  • Staircase featuring baseboards

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Amorelli Realty LLC
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