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$1,567,087
List Price: $1,595,000
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71-03 Cooper Avenue #3FAM
Townhouse in Glendale •  building info
7bd • 4ba • 3,240ft² $492 per ft²
Buy with Yoreevo

$1,567,087

List Price

$1,595,000

Key Details
Listed today
Last price change
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Estimated payment
$17,556/mo
Taxes
$12,775/mo
Maintenance
N/A
Description
7101 Cooper Avenue, Ridgewood, NY 11385 Fully Occupied 3-Family | Built 2005 | 3,250 Sq Ft | Package Deal Opportunity Exceptional opportunity to acquire a fully occupied, income-producing 3-family property in the heart of Ridgewood. Constructed in 2005, this modern 20 x 54 building offers approximately 3,250 square feet of livable space, featuring well-proportioned boxed rooms throughout for maximum layout efficiency and rental appeal. Each unit includes: Renovated kitchens Updated bathrooms High-efficiency lighting Clean, modern finishes Tenants are responsible for their own gas, electric, and heat, keeping operating expenses streamlined. The owner covers only property taxes, water, and insurance creating a predictable and investor-friendly expense structure. The second and third-floor units each feature private balconies, while the first-floor unit enjoys direct access to the backyard a strong tenant retention feature. Additional Value-Add Potential The property also offers: Opportunity to create a recreational space in the basement Potential to duplex the first floor with the basement (subject to approvals) This provides flexibility for increased rental income or an enhanced owner-user configuration. Rare Package Deal Opportunity This property is being offered together with the adjacent building, creating a rare assemblage opportunity that includes: Four total parking spaces Two-car garage Additional outdoor parking Backyard space Income-producing properties with dedicated parking in Ridgewood are increasingly scarce making this a standout portfolio acquisition. Ideal For: Investors seeking stable cash flow 1031 exchange buyers Portfolio expansion End-users looking to offset mortgage with rental income Located in prime Ridgewood near transportation, shopping, restaurants, and neighborhood amenities. A rare opportunity to secure a well-built (2005) income-producing asset with expansion potential in one of Queens strongest rental markets.

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Building info

History
What it'll cost
Purchase price
$1,595,000
Asking Price: $1,595,000
Term
30 Years
Down Payment
$797,000 (50%)
Min: 50% (797,000)
Rate
6.0 %
Mortgage Amount
$797,500
Mortgage Payment
$4,781
Taxes
$12,775
Estimated Yoreevo rebate
$27,913
Estimated closing cost
$44,000
Total monthly cost $17,556
Buy your dream home with us and get an estimated $27,913 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

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