Pending

17-01 Gates Avenue

Flushing NY, 11385

$2,999,999


$384.62 per sqft

Pending

7,800 sqft

Commercial

Built in 1930

In a 'Renters Haven' off the corner of Gates Avenue, we have a Once In A Long Time Opportunity for Easy Investment Income IN A 78 FOOT LONG BUILDING! This is a 5 FAMILY BUILDING...NOT Rent Controlled/NOT Rent Stabilized. FREE MARKET, WITH STOREFRONT (All Renters are Working Professionals.). About 1,950 SQFT per floor (Building Size is 25X78). 78 FEET LONG - Location, Location, Location... a 5 Minute Walking Distance to the M/L Subway, Multiple Buses, and Anything a Renter Desires. - Surrounded by eateries and nighttime entertainment! - and ONLY a 5 Minute Walk to the Subway (M/L Line) Built-in 1930, 17-01 Gates Avenue is a MASSIVE 15 Bedroom/ 6 Bathroom Mixed Use MultiFamily Located in the Heart of Ridgewood...Only a skip away from Bushwick. This 5 Family Home is R6B Zoning (FAR: 2), which allows the potential for 1 more floor for EVEN MORE Rental Revenue. Ridgewood is a Desirable place to call home for many of your potential renters because of the convenience to the City, the Parks, and the Shops and Eateries that run along almost all of its busy streets as well as the wave of an art scene that has been moving in. In a neighborhood where everyone walks or rides a bike, Ridgewood is a Renters Favorite Pick...did I mention that there is a 1 Car Garage for that Buyer who wants to call one of these apartments Home!!! Building Layout: First Floor: (1) 3 Bedroom BOXED unit with Lots of Natural Sunlight & (1) Storefront Floor Two: (2) 3-Bedroom BOXED Units with Eat-in Kitchens Floor Three: (2) 3-Bedroom BOXED Units with Eat-in Kitchens ROOF IS A WALK-OUT AND IS IN EXCELLENT CONDITION! 1 CAR GARAGE! Other Fantastic Details that make this your next purchase : Lot: 25 ? 100 Building: 25 ? 78 Building Class: 5-6 Families NOT RENT-CONTROLLED/ NOT RENT STABILIZED LOCATED IN A RENTERS' HAVEN Tall Ceilings Taxes: $20,120 Total Annual Rental Income: $147,336 COMES WITH ONE CAR GARAGE! GREAT FOR AN END USER AS WELL AS INVESTOR.

L3470616

MLS ID

April 12, 2023

Listed

December 13, 2024

Updated

Map

17-01 Gates Avenue
Flushing NY, 11385

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$20,120


Tax Frequency

Annually


Days on Market

85


Garage

No


Parking Total

1


View

Yes


View Description

City, Skyline


County

Queens


Pool

No


Zoning

R6B

Listed by Amberly Sclar Thony Revelo with New York Realty Minimax Inc
Listing Contact: 718-609-0800 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Zakinova Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:35 PM UTC, 12/13/2024

  

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