Looking for a dependable investment in a fast-growing Queens neighborhood? This well-maintained three-story multi-family with basement sits in a high-demand area of Ridgewood, offering six residential railroad-style units and consistent rental income with significant upside potential. With 5 of 6 units occupied and one vacant, this property gives buyers the immediate opportunity to increase cash flow by leasing the vacant unit at market rent or upgrading interiors over time to boost value. Key Highlights: 1. Six Residential Units (Rent-Stabilized) 2. Gross Annual Rent: $120,775 3. One 3BR Unit Vacant – Projected $44,000/year 4. Low Annual Operating Expenses: $73,781 5. Attractive Brick Exterior & Low Maintenance Costs 6. Same Ownership for Over 40 Years – Pride of Ownership 7. Zoning: R6B / C1-4 – Potential for Future Redevelopment 8. Lot Size: 2,844 SF | Building Area: 5,833 SF

Listing courtesy of Keystone Realty USA Corp romeonis@gmail.com


Based on information submitted to the MLS GRID as of 2025-08-13 11:42 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.