Looking for a dependable investment in a fast-growing Queens neighborhood? This well-maintained three-story multi-family with basement sits in a high-demand area of Ridgewood, offering six residential railroad-style units and consistent rental income with significant upside potential. With 5 of 6 units occupied and one vacant, this property gives buyers the immediate opportunity to increase cash flow by leasing the vacant unit at market rent or upgrading interiors over time to boost value.
Key Highlights:
1. Six Residential Units (Rent-Stabilized)
2. Gross Annual Rent: $120,775
3. One 3BR Unit Vacant – Projected $44,000/year
4. Low Annual Operating Expenses: $73,781
5. Attractive Brick Exterior & Low Maintenance Costs
6. Same Ownership for Over 40 Years – Pride of Ownership
7. Zoning: R6B / C1-4 – Potential for Future Redevelopment
8. Lot Size: 2,844 SF | Building Area: 5,833 SF
Active
$1,790,000
6340 Fresh Pond Rd, Ridgewood, NY 11385
15beds
5,833sqft
Rental Unit
Built in 1930
-- sqft lot
$-- Zestimate®
$307/sqft
$-- HOA
What's special
Attractive brick exterior
- 21 days
- on Zillow |
- 280 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 03:06pm
Listing by:
Keystone Realty USA Corp 917-215-1944,
Roman Nissim
Source: StreetEasy,MLS#: S1782409
Tour with a buyer's agent
Tour with a buyer's 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
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: $307/sqft
- Date on market: 7/22/2025
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