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.**
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1930
Basement
Finished
ARCHITECTURAL STYLE
Row Dwelling
Parking Features
On Street
CITY
Ridgewood
COUNTY
Queens
STATE
NY
TAX AMOUNT
14361.0
LATEST UPDATE
2026-06-03T20:43:59.690Z
PRICE CHANGE(S)
$950,000 Jun 3, 2026
Property Details
Property TypeCommercial
StatusActive
Property Sub TypeMulti Family
MLS #1007752
FlooringHardwood
HeatingRadiant
CoolingWall/Window Unit(s)
Utility FeaturesElectricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
SEWERPublic Sewer
WATER SOURCEPublic
Year Built1930
BasementFinished
ARCHITECTURAL STYLERow Dwelling
Parking FeaturesOn Street
CITYRidgewood
COUNTYQueens
STATENY
TAX AMOUNT14361.0
LATEST UPDATE2026-06-03T20:43:59.690Z
PRICE CHANGE(S)
$950,000 Jun 3, 2026
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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