20-50 Gates Avenue

Ridgewood

$1,300,000
Price
18
Beds
6
Baths
5,600 Sq. Ft.
$232 / Sq. Ft.
5,600
Sq. Ft.
$232
per Sq. Ft.

Description

Welcome to Ridgewood, one of the most desirable neighborhoods in all of New York City! This meticulously maintained 6 Family building offers a great opportunity for an investor looking for strong cash flow. The approximate annual Net Operating Income = $91,624.88! Close to all shops, cafes, restaurants and night life, the major bus lines can be found around the corner and the Forest Ave subway is only 2 blocks away. The property has been upgraded nicely and this fantastic building enjoys a fairly...Welcome to Ridgewood, one of the most desirable neighborhoods in all of New York City! This meticulously maintained 6 Family building offers a great opportunity for an investor looking for strong cash flow. The approximate annual Net Operating Income = $91,624.88! Close to all shops, cafes, restaurants and night life, the major bus lines can be found around the corner and the Forest Ave subway is only 2 blocks away. The property has been upgraded nicely and this fantastic building enjoys a fairly new roof and hot water tanks, updated kitchens and baths, this is a near turn key investment with so much to offer!
  1. Listed by John J Ricco • Keller Williams Realty Empire
    P: (718)-954-8400 C: (718)-954-8400 johnjricco@hotmail.com

Property Details for 20-50 Gates Avenue

Township
Queens
Architectural Style
Tri-Level
Community Features
Near Public Transportation
Garage Spaces
.00
Section Area
Grandview Avenue
Offer Presentation
Can be Present
LISTING UPDATED: 11/17/2024 12:21 AM

Property Details for 20-50 Gates Avenue

StatusActive
MLS ID3591606
Days on Market2
Taxes$17,297 / year
Maintenance-
Min. Down Pymt-
Total Rooms30.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1909
Lot Size2,742 SF
CountyQueens County

Building Information for 20-50 Gates Avenue

Stories-Residences6Year Built1909Building Size-Lot Size2,742 SFBuilding Age-Building Type-

Property Information for 20-50 Gates Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 10
  • MLS District Code: 405
  • Directions: GPS / WAZE
  • Tax Block: 3486
  • Tax Lot: 24
  • Year Built Effective: 2023
  • Property Attached: No
  • Structure Type: false
  • Levels: Three Or More
  • Property Condition: Good
  • New Construction YN: No
  • Flood Zone Report: 0
  • Square Footage Source: Municipality
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Queens 24
  • Elementary School District: Queens 24
  • Elementary School: Ps 71 Forest
  • Middle Or Junior School District: Queens 24
  • Middle Or Junior School: Is 93 Ridgewood
  • High School District: Queens 24
  • High School: Maspeth High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 6
Room Information
Room 1 Information
  • Room Level: Other
  • Room Type: Additional
  • RoomDescription 1: See Listing Details
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 03486-0024
  • Tax Map Number: 03486-0024
  • Included In Taxes: Trash
  • Tenant Pays: Electricity
Interior and Exterior Features
Interior Features
  • Amenities: Near Public Transportation, Public, Tri-Level
  • Number Of Kitchens: 6.0
  • Total Rooms: 30
  • Living Area: 5600.0
  • Living Area Units: Square Feet
  • Basement: Full
  • Fireplaces Total: 0
  • Location Amenities: Trilevel, Near Public Transportation
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: None, Near Public Transportation, Near Public Transit
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Dimensions: 27.42x100
  • Site Features: Near Public Transportation, Near Public Transit
  • Building Size: 27.5' x 68'
  • Building Area Units: Square Feet
Parking
  • Parking Features: None
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Hot Water, Steam
  • Heat Fuel Type: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 6
  • Garbage Removal: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 7
Green Features
  • Green Features: Natural Gas, Hot Water, Steam

Property History for 20-50 Gates Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20-50 Gates Avenue

Taxable ValueLand-Additions-Total-
Home Facts
APN4034860024

Schools near 20-50 Gates Avenue

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
P.S. 71 Forest
PublicPK to 5

Is 93 Ridgewood
Public6 to 8

Grover Cleveland H.S.
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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20-50 Gates Avenue is a multi-family home for sale in Ridgewood. This property was listed for sale on November 17, 2024 by Keller Williams Realty Empire, it's currently listed at $1,300,000. This listing's school district is New York City Geographic District #24. Nearby schools include P.S. 71 Forest, Is 93 Ridgewood and Grover Cleveland H.S.. 20-50 Gates Avenue is a 18-bed, 6-bath, 5,600 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Empire

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.