Discover a prime investment opportunity in the heart of Ridgewood, Queens.


Property

Website: https://www.nestseekers.com/5388106
Address:
New York, NY 11385
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,295,000
Annual Taxes:$15,145.24

Description

Discover a prime investment opportunity in the heart of Ridgewood, Queens. This six-unit, rent-stabilized property offers a stable income stream and is situated in one of New York City's most vibrant neighborhoods. Units: 6 rent-stabilized apartments with annual gross Rent Roll: $113,661 with a Net Operating Income (NOI): $70,191 Recent Upgrades: New boiler installed in 2024; two units feature renovated bathrooms, Ridgewood is renowned for its diverse culinary scene, historic charm, and strong community spirit. Residents enjoy easy access to public transportation, including the M and L subway lines, facilitating convenient commutes to Manhattan and Brooklyn.

Amenities

  • Natural Gas Available
  • Natural Gas Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Charles Rutenberg Realty Inc