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$ 2,100,000
Est. payment /mo
New
6050 71st AVE Ridgewood, NY 11385
1,829 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 878825
Rental Info No
Year Built 1901
Annual Tax Amount $8,442
Lot Size 1,829 Sqft
Acres 0.042
Property Sub-Type Duplex
Source onekey2
Property Description
Contact the listing broker Adis Kolenovic directly at Kole Group for more information or to schedule a viewing.
Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2,100,000.
The building features two oversized 1,200 sq ft each, four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1,200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income.
Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations.
Highlights:
3,600 sq ft gross building area
+ 1,200 sq ft finished basement
+ 600 sq ft garages
Updated mechanicals with separated gas and electric
Radiator heat, gas hot water, and window AC units
Zoning: R6B/C1-4
Lot size: 20.33' x 90' (1,830 sq ft)
Don't miss this unique opportunity to own a turn-key property in one of Queens' most vibrant submarkets.
Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2,100,000.
The building features two oversized 1,200 sq ft each, four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1,200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income.
Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations.
Highlights:
3,600 sq ft gross building area
+ 1,200 sq ft finished basement
+ 600 sq ft garages
Updated mechanicals with separated gas and electric
Radiator heat, gas hot water, and window AC units
Zoning: R6B/C1-4
Lot size: 20.33' x 90' (1,830 sq ft)
Don't miss this unique opportunity to own a turn-key property in one of Queens' most vibrant submarkets.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Interior Features First Floor Bedroom
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Garage Spaces 3.0
Utilities Available Electricity Available
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
Listed by Kole Group LLC