Description
Unveiling a Prime Investment Opportunity: 68-11 Forest Avenue, Ridgewood, NY
Discover an exceptional investor-focused opportunity at 68-11 Forest Avenue, a meticulously maintained 4-family building nestled in the heart of Ridgewood, Queens. This fully free-market property presents an immediate income-generating asset with significant upside potential in one of New York City's most dynamic and desirable neighborhoods.
Investment Highlights:
- Four Free Market Units: Enjoy the flexibility and maximizing rental income with all four units operating as free market
- Strong Cash Flow Potential: All the units can command market-rate rents. this property offers a robust income stream potential, ideal for investors seeking stable returns and minimal regulatory oversight as the Ridgewood rental market continues its upward trajectory.
- Ideal Building Dimensions: Boasting a substantial 25-foot by 70-foot footprint, the building provides spacious layouts across its four units, appealing to a wide range of prospective tenants. Each apartment is composed of 2 bed 1 bath layouts.
- Unbeatable Transit Access: Positioned for ultimate convenience,
- Vibrant Neighborhood Amenities: Ridgewood's reputation as a thriving cultural hub precedes it. The immediate vicinity of 68-11 Forest Avenue boasts an array of acclaimed restaurants, trendy cafes, local shops, and burgeoning nightlife, ensuring high tenant demand and a desirable lifestyle. Residents will appreciate the walkable nature of the neighborhood, with everyday essentials and entertainment just steps away.
- Strong Rental Market: Ridgewood continues to experience consistent demand for quality rental housing. The neighborhood's unique blend of historic charm, artistic flair, and easy accessibility makes it a magnet for a diverse tenant base, ensuring low vacancy rates and strong rental growth.
Please contact us for a detailed financial breakdown and to schedule a private showing.
Listing courtesy of Corcoran Group ...
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Property Details
- Multi Family
Amenities
- Building: Green Building
- Interior: Smoke Free
- Cooling: Other
- Exterior: Private Outdoor Space Under60 Sqft
- Patio: None
- Attendance: None
- View: Other
- Laundry: In Unit
- Pets: Building Yes, No
- Basement: Other
The Neighborhood
Although it's a high-density area, Ridgewood is a quiet neighborhood.
Recently, a slew of artists, musicians, and young professionals priced out of Brooklyn’s hipper neighborhoods have moved in. They’re attracted to its affordability and low-key lifestyle. Ridgewood isn’t a scene for nightlife but there is enough retail, restaurants, bars, and other amenities to keep most people happy. If you’re looking to dance until the wee h ... read more
For information on 68-11 FOREST Avenue, # contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
