74-23 64 Lane
Ridgewood, NY, 11385 $ 1,250,000
Bedrooms6 Baths2.0 Sq 2,000 Monthly Estimate*
$ 8,308
for $1,250,000 with 6 bedrooms and 2 full baths. This 2,000 square foot home was built in 1915 on a lot size of 0.05.
*PICS ARE WHEN THE PROPERTY WAS VACANT* BEING DELIVERED WITH OCCUPIED WITH QUALIFIED RENTERS THAT PAY ON TIME! Attention Investors! Opportunities like this don't come knocking often, but when they do, it's time to take notice. Picture this: a fully functional, turnkey income producer nestled in the heart of Ridgewood, Queens. With lower bank rates making financing more enticing than ever, now is the perfect time to seize this multi-family gem. Conveniently situated in a renters' haven, this legal Two-Family home, is primed to be a money-making machine. Boasting a Spacious 3-bedroom Apartment on BOTH the First and Second floor, each unit is close to 1000sqft! But it's not just about the living spaces - it's about Location, Location, Location. Just a 13-minute stroll from the Fresh Pond M-Line Subway, residents enjoy unparalleled access to the city. And with an abundance of amenities right on their doorstep - from eclectic eateries to trendy bars - every convenience is within reach...EVEN BUSHWICK IS ONLY A 5 MINUTE BIKE RIDE AWAY! What sets this Opportunity apart for investors? Let's talk numbers. With an excellent rent roll potential and a neighborhood teeming with demand, the revenue streams are ripe for the picking. Plus, with commuting made seamless thanks to multiple transportation options, including bus routes and subway lines, attracting quality tenants has never been easier. But it doesn't end there. Low taxes sweeten the deal, while the Partially Finished basement presents additional income potential. And with the promise of future legalization for accessory dwellings, courtesy of HPD, the value only continues to grow. In a world where home office space is now a necessity, these large units offer versatility, making them all the more desirable in today's market. So, seize the opportunity to own a slice of Ridgewood, where the demand for quality rental properties continues to soar. Don't let this golden investment slip through your fingers. Act now and reap the rewards of prime real estate in one of Queens' most sought-after neighborhoods. Number 4 in the world according to recent headlines! Important Details: Built in 1915. Building: 20X52. LOT: 20X100. R5b Zoning. All information deemed reliable but not guaranteed. Buyers are expected to perform their own due diligence.
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FeaturesInteriorBasement Full Partially Finished
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GeneralArchitectural Style Two Story
High School Grover Cleveland High School
High School District Queens 24
Middle/Junior High School Is 119 Glendale (The)
Middle/Junior School District Queens 24
Elementary School District Queens 24
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* Excluded FeaturesList ByAmberly SclarListing Agent
Blt Minimax Realty IncBroker
bltminimax@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,308
- Monthly Property Taxes
- $554
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Ridgewood, NY
Average List Price $1,430,605
Percent of Sale Price 14%
About Ridgewood, NY 103,573 Population
6% Since 2002
$ 62,666 Median Income
37.87 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4098853 Elementary School
4098804 Middle School
Grover Cleveland High School High School
Pricing HistoryDate | Price | Price Change | Description |
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2/28/2024 | $1,250,000 | | Listed Price |