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68-11 Forest Avenue
Townhouse in Ridgewood •  building info
8bd • 4ba • 3,582ft² $363 per ft²
Sold price

$1,300,000

Key Details
Days on market
245
Last price change
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Estimated payment
$7,980/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
$1,300,000
Asking Price: $1,300,000
Term
30 Years
Down Payment
$130,000 (10%)
Min: 10% (130,000)
Rate
6.0 %
Mortgage Amount
$1,170,000
Mortgage Payment
$7,015
Taxes
$965
Estimated closing cost
$48,000
Total monthly cost $7,980
Listing Courtesy of Corcoran Group

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