Remarks

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
Gross Rent Roll: $110,115 annually
Net Operating Income (NOI): $76,042
Building Size: 5,712 sq ft
Lot Size: 2,800 sq ft
Stories: 3
Year Built: 1931
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.

Details

MLS#: 850334
Price: $1,380,000

Style: Multi Family
Sq Ft: 5712
Year Built: 1931

County: Queens
Tax Fee: 15205.94