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 upsideideal 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
| MLS # | 950719 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 241 |
| Listing Provided By | Amorelli Realty LLC | John P. Bachas |
| SQ Feet | 5,833 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Zoning | R6B |
| Acreage | 0.07 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Steam |
| Construction Materials | Brick |
|---|
| Parking Features | On Street |
|---|
| Utilities | Trash Collection Public |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 462600 |
| Tax Annual Amount | 24401.16 |
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $1,275,000 low | high Med: $1,100,000 sqft: 5,833 low | high Med: 2,742 $ / sqft: $219 low | high Med: $401 On site: 241 low | high Med: 708 | |
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $1,275,000 low | high Med: $1,100,000 sqft: 5,833 low | high Med: 2,742 $ / sqft: $219 low | high Med: $401 On site: 241 low | high Med: 708 | |