6340 Fresh Pond Road, Ridgewood, NY 11385
Queens County
Key Facts
Description
Priced to Sell – 6-Family Building in the Heart of Ridgewood Excellent opportunity to acquire a well-maintained 6-family multifamily building in one of Ridgewood’s most historic and desirable sections. The landlord has reserved one vacant unit, allowing for immediate owner occupancy or ease of showing. An owner-occupant can live rent-free while offsetting the mortgage with five income-producing units, or an investor may fully lease the property to maximize returns. This classic property is in very good condition and offers strong long-term investment potential. Located within the Ridgewood Historic District All apartments are railroad-style layouts: · Left-side units: 3 bedrooms / 1 bathroom · Right-side units: 2 bedrooms / 1 bathroom The property is ideally situated just 0.3 miles from the M Train at Fresh Pond Road and steps from multiple bus lines offering direct access to Atlas Park, Queens Center Mall, and the first stop on the M line. Centrally located near local restaurants, retail shops, grocery stores, and with convenient access to neighboring neighborhoods. A solid asset with flexibility, location, and upside—ideal for both investors and end users. **Prospective Purchaser must be aware of Rent Stabilization Laws** 122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to: Yianni Bachas
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1930
Stories
3
Living Area
5,833 sq ft
Lot Size
0.07 acres
Days on Market
92
MLS® Listing#
950719
Property Features
Cooling
Heating
Flooring
Basement
Parking
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$24,401
Assessed Value
$462,600
Parcel Number
03524-0054
Affordability Calculator
$255,000
Estimated monthly payment
$6,786/mo
Principal $1,020,000 · Est. interest $1,422,991 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ridgewood, NY
- $1,000,000
- Median Listing Price
- 57
- Median Days on Market
- 2,640
- Median Sq Ft
- $573
- Median Price / Sq Ft
- 46
- Active Listings
- This home’s price is 28% above the area median.
- Its price per sq ft is 62% below 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
Notre Dame Catholic Academy
School · 0.1 mi away
P. S 071 Forest
Elementary · 0.3 mi away
Stop 2m
School · 0.4 mi away
Is 93
Secondary · 0.4 mi away
P. S. 153 Maspeth Elementary School
Elementary · 0.4 mi away
A. C. E. Academy for Scholars at the Geraldine Ferraro Campus
School · 0.5 mi away
The Riverview School
Secondary · 0.5 mi away
Grover Cleveland High School
Secondary · 0.5 mi away
PS 88
Elementary · 0.5 mi away
Stop 2k
School · 0.6 mi away
CK Kids
School · 0.6 mi away
Middle Village Preparatory Charter School
Secondary · 0.6 mi away
Christ the King High School
Secondary · 0.6 mi away
Middle Village Prep
School · 0.6 mi away
PS/Is 128q
Secondary · 0.8 mi away
P255q @ 128q
School · 0.8 mi away
PS 81
Elementary · 0.8 mi away
P. S 239q
Elementary · 0.8 mi away
Police Officer Ramon Suarez School P. S. 239
Elementary · 0.8 mi away
Joseph F. Quinn Intermediate School 77
Secondary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1824 George Street, Ridgewood, NY | $899,000 | — | — | 4,875 |
| 679 Onderdonk Avenue, Ridgewood, NY | $899,000 | — | — | 4,762 |
| 59-05 Catalpa Avenue, Ridgewood, NY | $900,000 | — | — | 5,625 |
| 1718 Himrod Street, Ridgewood, NY | $950,000 | — | — | 4,875 |
| 75-37 61ST Street, Ridgewood, NY | $959,000 | 4 | 2 | 2,280 |
| 78-08 Cypress Avenue, Ridgewood, NY | $995,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Ridgewood
Listing Courtesy: Amorelli Realty LLC - 7186622222
Presented by: John P. Bachas
Fair Housing Notice