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$1,439,125
List Price: $1,450,000
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68-11 Forest Avenue
Townhouse in Ridgewood •  building info
8bd • 4ba • 3,582ft² $405 per ft²
Buy with Yoreevo

$1,439,125

List Price

$1,450,000

Key Details
Days on market
139
Last price change
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Estimated payment
$9,000/mo
Taxes
$965/mo
Maintenance
N/A
Description
Unveiling a Prime Investment Opportunity: 68-11 Forest Avenue, Ridgewood, NY Discover an exceptional investor-focused opportunity at 68-11 Forest Avenue, a meticulously maintained 4-family building nestled in the heart of Ridgewood, Queens.  This fully free-market property presents an immediate income-generating asset with significant upside potential in one of New York City's most dynamic and desirable neighborhoods. Investment Highlights: Four Free Market Units:  Enjoy the flexibility and maximizing rental income with all four units operating as free market Strong Cash Flow Potential:  All the units can command market-rate rents.  this property offers a robust income stream potential, ideal for investors seeking stable returns and minimal regulatory oversight as the Ridgewood rental market continues its upward trajectory. Ideal Building Dimensions:  Boasting a substantial 25-foot by 70-foot footprint, the building provides spacious layouts across its four units, appealing to a wide range of prospective tenants. Each apartment is composed of 2 bed 1 bath layouts. Unbeatable Transit Access:  Positioned for ultimate convenience, the Q39 bus stops directly on the block, offering seamless connectivity. Furthermore, the property is extremely convenient to the Forest Avenue M train stop, providing rapid access to Manhattan and other key Brooklyn and Queens destinations, a major draw for renters. Vibrant Neighborhood Amenities:  Ridgewood's reputation as a thriving cultural hub precedes it. The immediate vicinity of 68-11 Forest Avenue boasts an array of acclaimed restaurants, trendy cafes, local shops, and burgeoning nightlife, ensuring high tenant demand and a desirable lifestyle. Residents will appreciate the walkable nature of the neighborhood, with everyday essentials and entertainment just steps away. Strong Rental Market:  Ridgewood continues to experience consistent demand for quality rental housing. The neighborhood's unique blend of historic charm, artistic flair, and easy accessibility makes it a magnet for a diverse tenant base, ensuring low vacancy rates and strong rental growth. Seize the opportunity to acquire an income-producing asset in a prime Ridgewood location. This is an ideal addition to any savvy investor's portfolio. Please contact us for a detailed financial breakdown and to schedule a private showing.

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Important Stuff
Washer/Dryer in unit
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$1,450,000
Asking Price: $1,450,000
Term
30 Years
Down Payment
$145,000 (10%)
Min: 10% (145,000)
Rate
6.25 %
Mortgage Amount
$1,305,000
Mortgage Payment
$8,035
Taxes
$965
Estimated Yoreevo rebate
$10,875
Estimated closing cost
$52,000
Total monthly cost $9,000
Buy your dream home with us and get an estimated $10,875 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Corcoran Group

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