NY
Queens
Ridgewood
11385
63-40 Fresh Pond Road
63-40 Fresh Pond Road, Ridgewood, NY 11385
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Listing Type
Commercial/Industrial
Listing Status
active
27
$1,790,000

Home Details for 63-40 Fresh Pond Road

Price
$1,790,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.0653
County
Queens
Garage
Basement
Storage Space, Unfinished
Days on site
62
MLS Listing#
891975
Property Description

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

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Basement
    • Storage Space
    • Unfinished
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
Listing Courtesy: Keystone Realty USA Corp - 631-261-2800
Presented by: Roman Nissim
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
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