For the first time in years, this solid 6-family brick building in Ridgewood is available for sale—a rare and exceptional investment opportunity!
Located on a 25 ft by 100 ft lot, this property offers an impressive annual income of $120K, with a strong 7.25% cap rate after expenses. The building is in excellent condition, featuring a durable brick structure and well-maintained units. All tenants are current on rent and eager to stay, making this a low-maintenance, turnkey investment.
Ridgewood is one of Queens’ most sought-after neighborhoods, known for its charming mix of classic architecture and modern amenities. The area boasts a vibrant community feel with a variety of shops, cafes, and restaurants, as well as easy access to public transportation, parks, and schools. Popular with both young professionals and families, Ridgewood offers a great balance of city convenience and suburban tranquility.
This property is ideal for investors looking to secure a stable, income-generating asset in a prime location. With its great condition, strong tenant base, and excellent neighborhood, this is a rare opportunity you don’t want to miss!