Active

20-50 Gates Avenue

Ridgewood NY, 11385

$1,300,000


$232.14 per sqft

Active

18 Beds

6 Baths

5,600 sqft

Multi-family

Built in 1909

Welcome to Ridgewood, one of the most desirable neighborhoods in all of New York City! This meticulously maintained 6 Family building offers a great opportunity for an investor looking for strong cash flow. The approximate annual Net Operating Income = $91,624.88! Close to all shops, cafes, restaurants and night life, the major bus lines can be found around the corner and the Forest Ave subway is only 2 blocks away. The property has been upgraded nicely and this fantastic building enjoys a fairly new roof and hot water tanks, updated kitchens and baths, this is a near turn key investment with so much to offer!

3591606

MLS ID

November 17, 2024

Listed

December 2, 2024

Updated

Map

20-50 Gates Avenue
Ridgewood NY, 11385

Interior Features

Total Stories

3


Bedrooms

18


Total Bathrooms

6


Full Bathrooms

6


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas, Hot Water, Steam

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Near Public Transit


Architectual Style

Tri-Level


Sewer

Public Sewer

School Information

School District

Queens 24


High School

Maspeth High School


Elementary School

Ps 71 Forest

Other Property Details

Taxes

$17,297


Tax Frequency

Annually


Garage

No


Parking

None


View

No


County

Queens


Municipality

Queens


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/17/2024

Active

Listed by John J Ricco  with Keller Williams Realty Empire
Listing Contact: 718-954-8400 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Natasha Green shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:51 PM UTC, 12/2/2024

  

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