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63-40 Fresh Pond Rd Ridgewood, NY 11385
$1,790,000
  • Commercial
  • Year Built 1930
  • Multi Family
  • ML# 891975

Property Details

Overview

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 2. Attractive Brick Exterior & Low Maintenance Costs3. Same Ownership for Over 40 Years – Pride of Ownership4. Zoning: R6B / C1-4 – Potential for Future Redevelopment4. Lot Size: 2, 844 SF Building Area: 5, 833 SF

Key Facts

  • Lot Size: 0.0653
  • Lot Sq Ft: 2844
  • Taxes: $24,401
  • Sale or Rent: Sale

Additional Features

  • Construction Materials: Brick
  • Stories: 3

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $24,401
Listing Information provided courtesy of Keystone Realty USA Corp  631-261-2800
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