90-28 83rd Ave #3, Ridgewood, NY 11385

Introducing 90-28 83rd Avenue — a rare, income-generating brick multifamily in prime Glendale. This home has been continuously used and taxed as a 3-family since 1968, offering excellent upside for investors or end-users. The property features: (2) Three-bedroom apartments (top and middle floors) (1) One-bedroom garden-level unit with private yard and parking Finished basement with full ceiling height, laundry area, and flexible use Built-in garage and private driveway Potential income: $110,400/year with a 5.27% cap rate. With light renovations (bath/kitchen upgrades, washer/dryers), potential gross income exceeds $120K/year. Legal 2-family under DOB records but taxed and used as a 3-family for decades. Delivered vacant and ready to generate immediate cash flow. 90-28 83rd Avenue, is a home that can also accommodate multi-generational living, a spacious and solidly built brick row house located on a quiet street in Glendale and adjacent to Forest Park and Forest Hills. Constructed in 1965, this 3,202 sq ft three-family home sits on a 2,942 sq ft lot and offers three distinct residential units across three stories, with a full finished basement with ten foot ceilings, providing an ideal flexibility of family living in addition to the investment potential in renting the home partially. The building includes two generous apartments, each featuring 3 bedrooms and 1.5 bathrooms, perfectly suited for comfortable family living or rental income. Additionally, the third apartment is a charming one-bedroom, one-bathroom unit, ideal for smaller households or as a rental suite with side access to the backyard garden. Recent upgrades include newly installed floors in the full basement and refreshed oak flooring in first floor apartment and stairs in common hallways, new roof, outside concrete window sills, adding to the home's value. Outside, residents enjoy the convenience of a spacious driveway for two cars or more, leading to a built-in garage, providing ample parking space. A welcoming backyard offers a private outdoor area ideal for relaxation, entertaining, and gardening. Primely located just off Myrtle Avenue and Woodhaven Boulevard this home ensures exceptional accessibility with the Q55, Q11 and Express to Manhattan bus stops only 0.05 miles away and proximity to the J/Z and Forest Hills subway lines. Additionally, residents can enjoy nearby recreational activities with Forest Park within walking distance, near the Carousel, Bandshell, Golf Course and Bike Paths. Close to restaurants on Metropolitan Avenue and Austin Street, Forest Hills and reasonable commute to Manhattan and Brooklyn. Also adjacent to the growing artistic communities of Brooklyn and Queens. Near Trader Joe's and Stop and Shop and many other stores and restaurants. Whether you're an investor seeking reliable rental income or a family looking for a spacious home with rental potential, 90-28 83rd Avenue offers peaceful living, versatility, convenience, and comfort in a desirable Queens neighborhood. Key Features: - Building Class: C0 – Three-Family Dwelling - Stories: 3 - Lot Dimensions: 29.42 ft x 100 ft - Building Dimensions: 21.67 ft x 54 ft - Construction: Brick masonry with full basement - Garage: Built-in garage - Zoning: Residential