1679 Gates Ave - Apartments FOR SALE


Ridgewood, NY 11385
$1,500,000 USD
718-710-8170
1679 Gates Ave, Ridgewood, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1679 Gates Ave
Ridgewood, NY 11385


OVERVIEW

Welcome to 1679 Gates Avenue, a well-maintained, six-family property ideally situated in the heart of Ridgewood. Set on the quiet block surrounded by local shops, cafes, and restaurants, this building offers an exceptional Queens lifestyle with outstanding transit access. Just one block from Myrtle-Wyckoff train station with both the M and L subway lines allowing for easy commutes throughout the city and into Manhattan. The property consists of six railroad-style apartments, including one vacant unit and five currently rented apartments providing consistent income. Each apartment is spacious and has plenty of natural light thanks to the existing shaft. It is an excellent choice for both end users and investors seeking long-term value, stability, and upside in one of Ridgewood’s most desirable locations.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Family delivered with 1 vacant unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,973 SF

ZONING

R6B

APN/PARCEL ID

03447-0046

ASK ABOUT THIS PROPERTY

Marek SobolewskiTrademarko RealtyMore Info
718-710-8170

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Marek SobolewskiTrademarko RealtyMore Info
718-710-8170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.