20-50 Gates AVE Active

Ridgewood,NY 11385

$ 1300000

18 Beds

6 Baths

5600 SqFt


Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $232

MLS Listing ID KEYL3591606

Bedrooms 18

Full Baths 6

Year Built 1909

Annual Tax Amount $17,297

Property Description

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!, Additional information: Appearance:Good,Building Size:27.5' x 68'

Location

State NY

County Queens

Interior

Heating Natural Gas,Hot Water,Steam

Cooling None

Exterior

Parking Features None

Utilities Available Trash Collection Public

Building

Lot Description Near Public Transit,Near School,Near Shops

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 71 Forest

Middle Schools Is 93 Ridgewood

High Schools Maspeth High School

School District Queens24

Others

Special Listing Condition None

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