NY > Ridgewood
Ridgewood, NY 11385,63-40 Fresh Pond RD
Ridgewood, NY 11385,63-40 Fresh Pond RD
Ridgewood, NY 11385,63-40 Fresh Pond RD
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$1,790,000
Est. payment /mo
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2,844 Sqft Lot
Active

63-40 Fresh Pond RD Ridgewood, NY 11385

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Omar Harper

Omar Harper

+1(845) 209-0133

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 891975

Rental Info No

Year Built 1930

Annual Tax Amount $24,401

Lot Size 2,844 Sqft

Acres 0.0653

Property Sub-Type Multi Family

Source onekey2

Property Description

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 (Rent-Stabilized)
2. Gross Annual Rent: $120,775
3. One 3BR Unit Vacant – Projected $44,000/year
4. Low Annual Operating Expenses: $73,781
5. Attractive Brick Exterior & Low Maintenance Costs
6. Same Ownership for Over 40 Years – Pride of Ownership
7. Zoning: R6B / C1-4 – Potential for Future Redevelopment
8. Lot Size: 2,844 SF | Building Area: 5,833 SF

Location

State NY

County Queens

Rooms

Basement Bilco Door(s), Storage Space, Unfinished

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Keystone Realty USA Corp

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agent

Omar Harper

Broker Associate

+1(845) 209-0133

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63-40 Fresh Pond RD

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