20-50 Gates Avenue, New York, NY, 11385, New York, NY, 11385

New York, NY
$1,300,000
🛏️ 18 Bedrooms
🛁 6.0 Bathrooms
📅 Built 1909

Property Description

Welcome to Ridgewood, one of the most desirable neighborhoods in all of New York City! This meticulously maintained 6 Family building offers a great opportunity for an investor looking for strong cash flow. The approximate annual Net Operating Income = $91,624.88! Close to all shops, cafes, restaurants and night life, the major bus lines can be found around the corner and the Forest Ave subway is only 2 blocks away. The property has been upgraded nicely and this fantastic building enjoys a fairly new roof and hot water tanks, updated kitchens and baths, this is a near turn key investment with so much to offer!, Additional information: Appearance:Good,Building Size:27.5' x 68'

Property Details

Year Built
1,909
Property Sub Type
Multi Family
Bathrooms (Full)
6
Bathrooms (Half)
0
Appliances Included
Gas Water Heater
Cooling System
None
Heating System
Hot Water, Steam
Fireplaces Total
0
Property Levels
Three Or More
Public Remarks
Welcome to Ridgewood, one of the most desirable neighborhoods in all of New York City! This meticulously maintained 6 Family building offers a great opportunity for an investor looking for strong cash flow. The approximate annual Net Operating Income = $91,624.88! Close to all shops, cafes, restaurants and night life, the major bus lines can be found around the corner and the Forest Ave subway is only 2 blocks away. The property has been upgraded nicely and this fantastic building enjoys a fairly new roof and hot water tanks, updated kitchens and baths, this is a near turn key investment with so much to offer!, Additional information: Appearance:Good,Building Size:27.5' x 68'
New Construction
No
Lot Size (Square Feet)
2,742
Construction Materials
Brick
Parking Features
None
Lot Features
Near Public Transit, Near School, Near Shops
Utilities Available
Trash Collection Public
Water Source
Public
Sewer System
Public Sewer
Directions
GPS / WAZE
Waterfront
No
Association
No
Horse Property
No
Private Pool
No

MLS Information

Listed by: Keller Williams Realty Empire - John J. Ricco
MLS ID: KEYL3591606
Last Updated: April 30, 2025
Source: onekey2

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact Us

Interested in this property? Contact Best American Homes today!

Phone: +1 (516) 792-6252
Email: shah@bestamericanhomes.com
Address: 1561 N Central Ave, Valley Stream, NY 11580