2052 Gates Ave - Apartments FOR SALE


Ridgewood, NY 11385
$1,199,000 USD
718-710-8170
2052 Gates Ave, Ridgewood, NY for Sale
$1,199,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

2052 Gates Ave
Ridgewood, NY 11385


OVERVIEW

Welcome to spacious 6-family, rent-stabilized building at 2052 Gates Ave, perfectly positioned in the heart of vibrant Ridgewood. Located on a tree-lined block surrounded by neighborhood shops, cafes, and restaurants, this property offers the best of Queens living with excellent transportation options. The M and L trains are both nearby, providing quick, convenient access to Manhattan and the rest of the city. The building features: * Six railroad-style units * Two vacant apartments, ideal for an owner-occupant * Four occupied units generating steady rental income * Great opportunity to live in one unit and let the others pay your mortgage With two vacancies, this is an excellent chance for an owner-user to secure a home in Ridgewood while benefiting from reliable cash flow from the remaining rent-stabilized units. Whether you’re an end-user or investor, 2052 Gates Ave combines location, stability, and upside in one compelling package

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

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

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

03486-0026

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.