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20-50 Gates Avenue Ridgewood, NY 11385
$1,300,000
  • Commercial
  • 18 Bedrooms
  • 6 Full Baths
  • 5600 SqFt
  • Year Built 1909
  • Multi Family
  • ML# 3591606

Property Details

Overview

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’

Key Facts

  • SqFt: 5600.00
  • Lot Sq Ft: 2742
  • Taxes: $17,297
  • Sale or Rent: Sale
  • School District: Ps 71 Forest
  • Block: 3486
  • Lot: 24

Additional Features

  • Construction Materials: Brick
  • Parking Facilities: None

Rooms & Floor Plans

  • Bedroom: 18
  • Full Bath: 6
  • Other: 6

Interior & Utilities

  • Heat: Natural Gas, Hot Water, Steam
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $17,297
Listing Information provided courtesy of Keller Williams Realty Empire  718-954-8400
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