$950,000
( $194.87Per Sq Foot )
 $5,100 est/mo Sourced by Back At You

1718 Himrod Street,Ridgewood, NY 11385

Ridgewood, NY 11385

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Description

Investor's Dream in Prime Ridgewood,Queens! This well-maintained 6-Family building offers a rare opportunity to own a stable, income-producing asset in one of Queens' most sought-after neighborhoods. The property features **Six Residential Units, all configured as spacious 2-bedroom, 1-bathroom apartments**, a highly desirable layout that continues to attract strong tenant demand. With a proven rental history, the building generates **$106,500 in annual gross rental income** and produces approximately **$73,400 in net operating income**, offering an attractive **7.73% cap rate** at the asking price of **$950,000**. Located in the heart of Ridgewood, residents enjoy easy access to popular restaurants, cafés, boutique shopping, parks, nightlife, and multiple public transportation options. The neighborhood's strong rental demand, vibrant atmosphere, and convenient access to Brooklyn and Manhattan make this an excellent long-term investment opportunity. Whether you're looking to expand your portfolio or secure a foothold in one of New York City's most resilient rental markets, this income-producing property checks all the boxes. Don't miss this opportunity to own a cash-flowing multifamily asset in a prime Ridgewood location.

Details

MLS #1007752
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusPending
Year1930
Days On Site115
Listing Provided ByAnnkey Realty, Inc. | Thinley Yangkyi

Features

SQ Feet4,875
BasementY
Units6
ZoningR6B
Acreage0.06

Interior

CoolingWall/Window Unit(s)
HeatingRadiant

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesOn Street

Utilities

UtilitiesElectricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value357300
Tax Annual Amount14361

Area Information

StateNY
CountyQueens
CityRidgewood
Zip Code11385
Listing VS Median (in 11385)
Price:
$950,000
low | high
Med:
$1,143,944
29.584842105263% of Average
sqft:
4,875
low | high
Med:
1,921
100% of Average
$ / sqft:
$195
low | high
Med:
$599
100% of Average
On site:
115
low | high
Med:
266.5
43.151969981238% of Average
Sourced by Back At You

Market Activity 11385

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Learn More About This Property

Gregory Kyroglou

Gregory Kyroglou

Modern Spaces New York

 (917) 916-6776greg@modernspaces.com
StateNY
CountyQueens
CityRidgewood
Zip Code11385
Listing VS Median (in 11385)
Price:
$950,000
low | high
Med:
$1,143,944
29.584842105263% of Average
sqft:
4,875
low | high
Med:
1,921
100% of Average
$ / sqft:
$195
low | high
Med:
$599
100% of Average
On site:
115
low | high
Med:
266.5
43.151969981238% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $712K - $1.187M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
411 Himrod Street Property Photo 1
$1,350,000
411 Himrod Street
Brooklyn, NY 11237
1728 Greene Avenue Property Photo 1
$1,349,999
1728 Greene Avenue
Ridgewood, NY 11385
Listing Updated: August 12, 2026 at 2:16:35 AM PDT
Gregory Kyroglou
(917) 916-6776
Astoria - 29-20 23rd Ave.
Astoria, New York 11105

Gregory Kyroglou - Modern Spaces New York