Home » Real Estate » NY » Ridgewood » 11385 » 1718 Himrod Street, Ridgewood, NY, 11385
$950,000

1718 Himrod Street, Ridgewood, NY, 11385

Investor's Dream in Prime Ridgewood,Queens! This well-maintained 6-Family building offers a rare opportunity to own a stable, income-producing asset in one of Queens' most sought-after neighborhoods. The property features **Six Residential Units, all configured as spacious 2-bedroom, 1-bathroom apartments**, a highly desirable layout that continues to attract strong tenant demand. With a proven rental history, the building generates **$106,500 in annual gross rental income** and produces approximately **$73,400 in net operating income**, offering an attractive **7.73% cap rate** at the asking price of **$950,000**. Located in the heart of Ridgewood, residents enjoy easy access to popular restaurants, cafés, boutique shopping, parks, nightlife, and multiple public transportation options. The neighborhood's strong rental demand, vibrant atmosphere, and convenient access to Brooklyn and Manhattan make this an excellent long-term investment opportunity. Whether you're looking to expand your portfolio or secure a foothold in one of New York City's most resilient rental markets, this income-producing property checks all the boxes. Don't miss this opportunity to own a cash-flowing multifamily asset in a prime Ridgewood location. **Contact us today for additional financials and property details.**
Offered By
Thinley Yangkyi, Annkey Realty, Inc.

Property Details

Property Type Commercial
Status Active
Property Sub Type Multi Family
MLS # 1007752

Market Trends

New Properties On Market
37
16% Decrease In New Listings
Average Asking Price
$999,843
$54,193 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$560
$192 Decrease In List Price/Sq. Ft.
Average Days On Market
9
10 Day Decrease In Days On Market
Data as of Jun 03, 2026. Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.

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The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.


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Details provided by OneKey and may not match the public record. Information Copyright 2025, All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.