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62-08 68th Ave | Queens NY | 7264482824

Jennifer Carlson

This listing was posted on RealtyWW.

$1,465,000

Home For Sale In Queens, New York

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Price:
$1,465,000
Home Loan:
Mortgage Rates are Still Low - Free Quote Now
BR/BA:
4 BR, 4 BA
Location:
62-08 68th Ave, Queens, NY
Description:

Rare Ridgewood Offering for the Savvy Investor and/or End User Lovingly maintained, and held by the same family for over 40 years, 62-08 68th Ave is ready for its legacy to be passed on. The classic ultra-wide and deep homes that line 68th avenue were built to endure through the centuries. Sitting on 25 X 100-foot lots, they comfortably accommodate the 4 units that most of these buildings house, but would make a luxurious and commodious single, or two-family townhouse as well. At nearly 3000 square feet interior and currently configured with two floor-through units per floor (4 free market apartments), plus a full 1400 sq. ft. basement with over 7' ceilings, and over 1000 sq. ft. of outdoor space, 62-08 offers a myriad of possibilities for the investor or end user. Maintain as is and collect handsome rents, update and renovate for incredibly high market rents, create an owner's duplex with a beautiful garden oasis and collect one, 2-, or 3-units worth of rental income, Or, build your single-family dream home. Additional FAR is available if expansion is desired. Special features include, 9 ft. ceilings, a large open backyard, and many original details including beautiful crown moldings, the original grand staircase and banister, and a stunning and ornate fireplace surround. This lovely home is flooded with light through 20 windows and an enormous skylight as well. The building shares a single boiler for efficient steam heating throughout, and 5 separate electric meters. All units are free market. Situated on a beautiful tree-lined, residential block in bustling Ridgewood, where trendy restaurants, breweries, coffee shops, bars, specialty shops, and boutiques abound. The Fresh Pond M train is less than 2 blocks away, Mafera Park just a few blocks down the street, and Forest Park just a little further offering multiple hiking trails and a wealth of opportunities for the outdoor enthusiast. Investors: Cap rate with market rents is approximately 6% with tremendous upside available. With updating, projected cap rate is 8%. First Open House Sunday May 12th by appointment. Please call or e-mail with any questions or to schedule a tour.For more details: https://realtyww.info/homes_new-york-r782074/for-sale_i71654873
Property Type:
Single-Family Houses
Sq feet:
3,000 sq. ft.
Amenities:
Fireplace
Posted:
May 9 on RealtyWW
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More About this Listing: Home For Sale In Queens, New York
Home For Sale In Queens, New York is a Four Bedroom 4.5 Bath Single-Family Homes for Sale at 62-08 68th Ave in Queens NY. Find other listings like Home For Sale In Queens, New York and listings near 62-08 68th Ave by searching Oodle Classifieds for Four Bedroom 4.5 Bath Single-Family Homes for Sale in Queens NY.