Priced to Sell – 6-Family Building in the Heart of Ridgewood
Excellent opportunity to acquire a well-maintained 6-family multifamily building in one of Ridgewood’s most historic and desirable sections. The landlord has reserved one vacant unit, allowing for immediate owner occupancy or ease of showing. An owner-occupant can live rent-free while offsetting the mortgage with five income-producing units, or an investor may fully lease the property to maximize returns.
This classic property is in very good condition and offers strong long-term investment potential. Located within the Ridgewood Historic District
All apartments are railroad-style layouts:
· Left-side units: 3 bedrooms / 1 bathroom
· Right-side units: 2 bedrooms / 1 bathroom
The property is ideally situated just 0.3 miles from the M Train at Fresh Pond Road and steps from multiple bus lines offering direct access to Atlas Park, Queens Center Mall, and the first stop on the M line. Centrally located near local restaurants, retail shops, grocery stores, and with convenient access to neighboring neighborhoods.
A solid asset with flexibility, location, and upside—ideal for both investors and end users.
**Prospective Purchaser must be aware of Rent Stabilization Laws**
122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to:
Yianni Bachas
Active
Price cut: $75K (4/14)
$1,275,000
63-40 Fresh Pond Rd #6FAM, Ridgewood, NY 11385
15beds
5,833sqft
Rental Unit
Built in 1930
-- sqft lot
$1,217,700 Zestimate®
$219/sqft
$-- HOA
What's special
Railroad-style layouts
- 139 days |
- 326 |
- 12 |
Zillow last checked:
Listing updated:
Listing by:
Amorelli Realty 516-404-7056,
John Bachas
Source: StreetEasy,MLS#: S1806045
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Hardwood
Interior area
- Total structure area: 5,833
- Total interior livable area: 5,833 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Courtyard, Garden
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Rental Unit
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Ridgewood
Location
- Region: Ridgewood
Financial & listing details
- Price per square foot: $219/sqft
- Date on market: 1/12/2026
Estimated market value
$1,217,700
$1.16M - $1.28M
$5,336/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Price change | $1,275,000-5.6%$219/sqft |
Source: StreetEasy #S1806045 Report a problem | ||
| 1/12/2026 | Listed for sale | $1,350,000$231/sqft |
Source: StreetEasy #S1806045 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Ridgewood
Nearby schools
GreatSchools rating
- 4/10Ps 71 ForestGrades: PK-5Distance: 0.3 mi
- 3/10Is 93 RidgewoodGrades: 6-8Distance: 0.4 mi
- 2/10Grover Cleveland H.S.Grades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.






