1. New York
2. Ridgewood
3. 63-40 Fresh Pond Road

63-40 Fresh Pond Road, Ridgewood, NY 11385

• 5,833 sqft

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

Listing Status:

Active

Listing Office:

Keystone Realty USA Corp : 631-261-2800

MLS ID:

891975

Interior

• Basement: Bilco Door(s)Storage SpaceUnfinished
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Location

Lot

Utilities

Financial

This listing courtesy of Keystone Realty USA Corp