REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Berkshire Hathaway HomeServices New York Properties
$ 1,298,000
Est. payment | /mo
12 Beds
6 Baths
$ 1,298,000
Est. payment | /mo
12 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Glendale
MLS Listing ID RLS20076201
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1931
Annual Tax Amount $16,500
Property Sub-Type Multi Family
Property Description
Exceptional opportunity to acquire a fully leased six-family brick building in the highly resilient Ridgewood/Glendale rental corridor of Queens. This well-maintained asset comprises six spacious two-bedroom, one-bathroom apartments, each offering generous living areas and functional kitchen layouts. The consistent two-bedroom unit mix remains one of the strongest-performing configurations in this submarket, supporting steady tenant demand and long-term rent stability. Constructed of solid brick and positioned in a prime location near transportation, shopping, dining, and everyday conveniences, the property benefits from strong rental fundamentals and enduring neighborhood appeal. An ideal turnkey investment offering immediate cash flow in one of Queens' most dependable multifamily corridors. Investment Highlights: 100% Occupied - Immediate Cash Flow Gross Scheduled Income: $124,063.2 Net Operating Income: $79,827.2 Cap Rate: 6.15% Price Per Unit: $216,333
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Window Unit(s)
Fireplace No
Laundry In Unit
Exterior
View Y/N Yes
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Ownership None
Monthly Total Fees $1, 375
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY