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6 Family delivered with 1 vacant unit 1679 Gates Ave 6 Unit Apartment Building $1,500,000 ($250,000/Unit) Ridgewood, NY 11385
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 6 | Building Size | 5,600 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6B - Medium density residential district | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,600 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 03447-0046 | Improvements Assessment | $153,688 |
| Land Assessment | $3,504 | Total Assessment | $157,192 |
PROPERTY TAXES
Parcel Number
03447-0046
Land Assessment
$3,504
Improvements Assessment
$153,688
Total Assessment
$157,192
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6 Family delivered with 1 vacant unit | 1679 Gates Ave
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