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2052 Gates Ave 6 Unit Apartment Building $1,199,000 ($199,833/Unit) Ridgewood, NY 11385
EXECUTIVE SUMMARY
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
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,199,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 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 | $1,199,000 |
| Price Per Unit | $199,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 03486-0026 | Total Assessment | $157,192 |
| Land Assessment | $3,035 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $154,157 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03486-0026
Land Assessment
$3,035
Improvements Assessment
$154,157
Total Assessment
$157,192
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2052 Gates Ave
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