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71-17 Fresh Pond RD Ridgewood, NY 11385
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Key Details
Sold Price $990,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3539142
Sold Date 08/26/24
Originating Board onekey
Rental Info No
Year Built 1931
Annual Tax Amount $15,806
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 28x138.67
Property Description
6-Family Gem in Prime Location Discover investment potential with this 6-family home situated in a sought-after location. Each apartment offers spacious living, providing a comfortable & adjustable atmosphere. Featuring generously sized living rooms, eat-in kitchens, & full bathrooms, these apartments offer a perfect blend of functionality & comfort. Additionally, two bedrooms provide ample space, while an extra room can be utilized as a third bedroom or formal dining area. With five apartments currently leased & generating a substantial income, along with one vacant unit offering potential for renovation, this property presents an excellent opportunity for investors or owner-occupiers. The current rent roll is $90,491.88 annually for the occupied apartments. Tenants cover their own electric & cooking gas expenses. Benefit from recent updates, including a brand-new hot water tank installed just months ago & a youthful roof completed only three years prior. The boiler, installed in 2006, continues to provide reliable heating throughout the property. Apartment 2R was fully renovated about 7 years ago. Full basement for plenty of storage w/outside entrance to the yard. Perfectly situated near public bus routes & the 'M' Train, commuting to Brooklyn & beyond is effortless. Explore the neighborhood's array of major shopping destinations, dining options, & recreational facilities, all within easy reach. Schedule your private viewing today to explore the potential of this property.
Location
State NY
County Queens
Zoning R6B
Interior
Heating Natural Gas, Hot Water
Fireplace No
Building
Sewer Public Sewer
Others
Special Listing Condition None
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Bought with Century 21 Amiable Rlty Grp II