1811 Centre StRidgewood, NY 11385

For Sale
$1,178,000

High-Yield Six-Family, Prime Ridgewood Location

Overview

Added:
Feb 3
Days on market:
40
This exceptional six-family property in Ridgewood, New York, presents a compelling investment opportunity. Located on a quiet, tree-lined street between Myrtle Avenue and Seneca Avenue, this meticulously maintained building offers immediate income generation and significant upside potential. The property boasts a substantial 27' x 80' footprint and a large, full basement ideal for expansion or additional storage. Each of the six apartments features three bedrooms, contributing to a robust annual rental income exceeding $75,000. The building's prime location provides easy access to the vibrant Myrtle Avenue commercial corridor, the Seneca subway station, and numerous bus routes, ensuring high tenant demand and occupancy. Ridgewood's burgeoning growth and its proximity to Williamsburg further enhance the long-term investment value of this property. The 0% vacancy rate underscores the consistent rental income stream. This is a rare chance to acquire a well-maintained, high-performing multi-family building in a rapidly appreciating neighborhood. The property is offered at $1,178,000. This is a turnkey investment ready to generate immediate returns. Don't miss this opportunity to capitalize on Ridgewood's thriving real estate market.

Property Details for 1811 Centre St

Property type
Other commercial real estate
Year Built
1931

Location Insight

City
Ridgewood
County
Queens
State
New York
Latitude
40.70004
Longitude
-73.9021
1811 Centre St, Ridgewood, New York

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1811 Centre St
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