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SINGLE_FAMILY - Colonial - Ridgewood, NY
Welcome to 72-55 60th Lane, an exceptional investment opportunity! This meticulously maintained four-family building is ideally situated on the Ridgewood/Glendale border and offers a fully free-market setup - providing immediate and stable income in one of New York City's most dynamic and desirable neighborhoods. This rare property features four spacious units: two 4-bedroom, 2-bathroom duplexes and two 4-bedroom, 2-bathroom apartments - an uncommon configuration in the area. All units have been recently renovated, and each tenant pays their own utilities. Every unit includes central A/C and heating, generating a strong annual income of approximately $168,000 (including the owner's unit), with a projected potential income of around $182,400. With no rent-stabilization restrictions, investors can enjoy solid cash flow and maximum rental flexibility. The property showcases beautiful hardwo...
Welcome to 72-55 60th Lane, an exceptional investment opportunity! This meticulously maintained four-family building is ideally situated on the Ridgewood/Glendale border and offers a fully free-market setup - providing immediate and stable income in one of New York City's most dynamic and desirable neighborhoods. This rare property features four spacious units: two 4-bedroom, 2-bathroom duplexes and two 4-bedroom, 2-bathroom apartments - an uncommon configuration in the area. All units have been recently renovated, and each tenant pays their own utilities. Every unit includes central A/C and heating, generating a strong annual income of approximately $168,000 (including the owner's unit), with a projected potential income of around $182,400. With no rent-stabilization restrictions, investors can enjoy solid cash flow and maximum rental flexibility. The property showcases beautiful hardwood flooring throughout, with abundant natural light streaming through large windows to create a bright and inviting atmosphere. The modern kitchens are equipped with stainless steel appliances, including dishwashers, and the building offers the convenience of shared laundry facilities. The ground level of the duplex units provides additional space perfect for storage, recreation, or a home office - adding versatility and appeal for both tenants and owners. Spanning approximately 3,484 square feet, this property combines generous layouts with modern comfort. Conveniently located near the Fresh Pond Road M train, residents enjoy easy access to Manhattan and key destinations across Brooklyn and Queens, making this a highly desirable rental location. Surrounded by vibrant restaurants, trendy cafes, local shops, and a growing nightlife scene, this neighborhood ensures consistent tenant demand. It's an ideal opportunity for a savvy investor seeking strong returns or an end user looking to live in one unit while generating rental income to offset their mortgage. Contact us today for a detailed financial breakdown or to schedule a private showing.
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