$1,800,000
Updated 4 years ago
Off Market

63-48 Forest Ave

Ridgewood, Queens | Menahan Street & Grove Street

20 Rooms12 Beds6 Baths6,300 Square FeetIncome Property

$1,800,000
floors / apts3 / 6
Lot Size28'x105'
ZoneR5B
Building TypeLow-Rise
RE Taxes$22,370
Price Per SF
$286

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 63-48 Forest Ave

I am excited to present this large 29.4 × 100 brick building boasting 6,300 interior square feet. This is a legal 6 family building with 2 commercial spaces in the heart of Ridgewood on one of the main streets, it is in a fantastic location close to transportation and restaurants and is perfect for anyone as an investment. This property features a large backyard space, huge unfinished basement for extra storage and separate meters for each of the units. We are also selling the unit next door as well so would be perfect for a developer to buy both buildings and build from the ground up! Inquire and ask for the full monthly expense statement as well as rent roll and ask for a showing today. This will not last long.

Building Details for 63-48 Forest Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/6
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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: 86284TH