$2,995,000 $3,000,000
Updated 2 months ago
Ridgewood, Queens | Seneca Ave & Cypress Ave
5,850 Square FeetMulti-Family

$2,995,000 $3,000,000
floors / apts3 / 5
Lot Size25'x100'
ZoneR6B
Building TypeLow-Rise
RE Taxes$20,000
Price Per SF
$512

Building Amenities

  • Voice Intercom
  • Garage

Property Description

In a 'Renters Haven' off the corner of Gates Avenue, we have an Once In A Long Time Opportunity for Easy Investment Income IN A 78 FOOT LONG BUILDING! This is a 5 FAMILY BUILDING…NOT Rent Controlled/NOT Rent Stabilized. FREE MARKET, WITH STOREFRONT (All Renters are Working Professionals.).

About 1,950 SQFT per floor (Building Size is 25X78). 78 FEET LONG

- Location, Location, Location… a 5 Minute Walking Distance to the M/L Subway, Multiple Buses, and Anything a Renter Desires.
- Surrounded by eateries and night time entertainment!
- and ONLY a 5 Minute Walk to the Subway (M/L Line)

Built in 1930, 17-01 Gates Avenue is a MASSIVE 15 Bedroom/ 6 Bathroom Mixed Use MultiFamily Located in the Heart of Ridgewood…Only a skip away from Bushwick.

This 5 Family Home is R6B Zoning (FAR: 2), which allows the potential for 1 more floor for EVEN MORE Rental Revenue. Ridgewood is a Desirable place to call home for many of your potential renters because of the convenience to the City, the Parks, and the Shops and Eateries that run along almost all of its busy streets as well as the wave of an art scene that has been moving in.

In a neighborhood where everyone walks or rides a bike, Ridgewood is a Renters Favorite Pick…did I mention that there is a 1 Car Garage for that Buyer who wants to call one of these apartments Home!!!

Building Layout:
First Floor: (1) 3 Bedroom BOXED unit with Lots of Natural Sunlight & (1) Storefront
Floor Two: (2) 3-Bedroom BOXED Units with Eat-in Kitchens
Floor Three: (2) 3-Bedroom BOXED Units with Eat-in Kitchens
ROOF IS A WALK OUT AND IS IN EXCELLENT CONDITION! 1 CAR GARAGE!

Other Fantastic Details that make this your next purchase :
* Lot: 25 × 100
* Building: 25 × 78
* Building Class: 5-6 Families
* NOT RENT CONTROLLED/ NOT RENT STABILIZED
* LOCATED IN A RENTERS HAVEN
* Tall Ceilings
* Taxes: $20,120

RR: Deli $2638
1L $1750
2L $2400
2R $1750
3L $1750
3R $1750
Garage $240

Listing History

Now
06/15/2021
$2,995,000 [-$5,000] [0.2%]
Price Drop by Nathaniel Smith
Oxford Property Group
06/10/2021
$3,000,000
Initial Price by Nathaniel Smith
Oxford Property Group

Building Details

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

Seneca Av
0.1 miles
Myrtle-Wyckoff Avs
0.2 miles
Forest Av
0.37 miles
DeKalb Av
0.47 miles

Citi Bike

Cypress Ave & Palmetto St
0.07 miles
Madison St & Cypress Ave
0.16 miles
Menahan St & Seneca Ave
0.16 miles
3
21
0

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 81460TH