1726 Summerfield Street, Ridgewood, NY 11385
Queens County
Key Facts
Description
Turnkey, fully gut-renovated 4-family investment property located in the heart of Ridgewood. This exceptional income-producing asset offers approximately $208,800 annual gross income and is conveniently located just minutes from the L train, providing easy access to Manhattan, including Union Square, East Village, and Downtown Brooklyn. Completely renovated from top to bottom, the property features modern finishes and quality construction upgrades designed for long-term durability, low maintenance, and strong rental appeal. Situated in one of Ridgewood’s most desirable rental neighborhoods with consistent tenant demand. Unit Configuration: (2) Duplex-style 3-bedroom, 2.5-bath units with private backyard access (2) Spacious 3-bedroom, 2-bath units Modern kitchens and updated bathrooms throughout In-unit washer and dryer in every apartment Separate utilities; tenants responsible for heat, gas, and electric where applicable Property Highlights: Full gut renovation> >Sound-insulated walls and floor assemblies between units >Oversized new windows providing abundant natural light >High-end appliances and contemporary interior finishes >Transit-oriented location with strong rental demand >Attractive opportunity for long-term income-oriented investors >Approximate 6.82% cap rate!!!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1931
Living Area
3,100 sq ft
Lot Size
0.06 acres
Days on Market
1
MLS® Listing#
1012669
Property Features
Interior
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Contact Agent
- Middle:
- Call Listing Agent
- High:
- Contact Agent
Financial Details
Annual Taxes
$9,415
Assessed Value
$299,250
Parcel Number
03567-0022
Affordability Calculator
$550,000
Estimated monthly payment
$14,637/mo
Principal $2,200,000 · Est. interest $3,069,196 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ridgewood, NY
- $1,000,000
- Median Listing Price
- 58
- Median Days on Market
- 2,753
- Median Sq Ft
- $573
- Median Price / Sq Ft
- 45
- Active Listings
- This home’s price is 175% above the area median.
- Its price per sq ft is 55% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ridgewood, NY.
Location
Points of Interest in Ridgewood, NY
Showing the Ridgewood area map.
Nearby Schools
P.S. 68
Elementary · 0.1 mi away
Joseph F. Quinn Intermediate School 77
Secondary · 0.2 mi away
P. S 239q
Elementary · 0.3 mi away
Police Officer Ramon Suarez School P. S. 239
Elementary · 0.3 mi away
Robert E Peary School
Elementary · 0.3 mi away
Stop 2k
School · 0.5 mi away
PS 88
Elementary · 0.5 mi away
PS 151 Lyndon B Johnson
Elementary · 0.5 mi away
Bushwick Ascend Lower School
Elementary · 0.5 mi away
P. S. /I. S. 384 Frances E. Carter
Elementary · 0.6 mi away
The Academy of Urban Planning and Engineering
School · 0.6 mi away
Brooklyn School for Math and Research
School · 0.6 mi away
Is 93
Secondary · 0.6 mi away
Bushwick High School
Secondary · 0.6 mi away
All City Leadership Secondary School
Secondary · 0.7 mi away
P. S. 106 Edward Everett Hale
Elementary · 0.7 mi away
P. S. /I. S 045 Horace E Greene
School · 0.8 mi away
Pilgrim Baptist Christian Academy
School · 0.8 mi away
PS 81
Elementary · 0.8 mi away
Achievement First Ujima High School
Secondary · 0.8 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Ridgewood
Listing Courtesy: Sweet Key Realty Group Inc - 3473232443
Presented by: Qun D. Lin
Fair Housing Notice