74-23 64 Lane Ridgewood, NY $ 1,250,000
74-23 64 Lane
$ 1,250,000
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74-23 64 Lane

Ridgewood, NY, 11385
$ 1,250,000
Bedrooms6 Baths2.0 Sq 2,000

Monthly Estimate*

$ 8,308

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Multi-Family Home for sale in Ridgewood, NY

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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Multi-Family Pending

Price

$ 1,250,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,649

Style

Two Story

Lot Size

0.05

Year Built

1915

Town/City

Ridgewood

County/Region

Queens

MLS | Web ID

3534345

Features
Interior
Basement Full Partially Finished
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General
Architectural 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 Features
List By
Amberly Sclar

Listing Agent

Blt Minimax Realty Inc

Broker

bltminimax@gmail.com

Email

Affordability Calculator

$8,862
Per Month
94%
6%
0%
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.
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THE TIME TO SELL IS NOW!
Nearby
4098853 Elementary School
4098804 Middle School
Grover Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
2/28/2024$1,250,000 Listed Price

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74-23 64 Lane, Ridgewood, NY, 11385 is a Multi-Family Home for sale at $1,250,000 with 2,000 sqft and a lot size of 0.05. 74-23 64 Lane has 6 bedrooms, 2.0 baths, and was built in 1915. The property's zip code is 11385 which is in Ridgewood, NY