by RH Advisors

See Home Value
$1,525,000
Multifamily - Off Market

16-66 Jefferson Avenue

Ridgewood, NY 11385
bedrooms
9 Beds
bathrooms
3 Baths
$1,533,550
RealtyHop Estimate
0.56%
Since Sep 1, 2023
NY-New York
Primary Model

About This Property

[COMPLETE RENOVATION FROM THE GUTS TO THE EXTERIOR, NOTHING IS NEEDED TO BE DONE!] We are pleased to present a unique investment opportunity in the desirable neighborhood of Ridgewood, Queens. This 3-family home, located at 16-66 Jefferson Ave, offers an excellent prospect for first-time homebuyers looking to invest in real estate.  Situated in a well-maintained property, each unit of this home features 3 bedrooms and 1 bathroom, providing ample space for comfortable living. What makes this opportunity even more enticing is the attractive rental income generated by each floor. Currently, each unit is leased at $3,150 per month, allowing first-time homebuyers to potentially offset a portion of their mortgage payments through rental income.  Beyond the financial benefits, this property offers a convenient location in the vibrant neighborhood of Ridgewood. Residents can enjoy a diverse community, along with a variety of local amenities such as shops, restaurants, parks, and entertainment options. The neighborhood's lively atmosphere and proximity to essentials make it an ideal place for first-time homebuyers to settle down and establish roots.  Investing in this 3-family home at 16-66 Jefferson Ave provides an opportunity for first-time homebuyers to build equity and generate income simultaneously. The three separate units allow for flexible living arrangements, enabling homeowners to live in one unit while renting out the others, effectively offsetting their mortgage costs.  Don't miss out on this exceptional chance to become a first-time homeowner and investor in the thriving Ridgewood real estate market. With its solid rental income potential and convenient location, this 3-family home at 16-66 Jefferson Ave presents an ideal opportunity for first-time homebuyers to embark on their real estate journey and secure a stable and profitable investment for the future.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$630
HOA Dues
-
Year Built
1910
Last updated: 9 months ago (OneKey MLS #3486822)

Price History

Date / Event Date Event Price
Aug 29, 2023 Withdrawn -
Withdrawn
Aug 10, 2023 Price Decreased $1,525,000
↓ $150K (9%)
Price Decreased
Jun 22, 2023 Listed by Oxford Property Group USA $1,675,000
Listed by Oxford Property Group USA
Sep 28, 2018 Sold to Agiaeirini Inc $941,881
Sold to Agiaeirini Inc
Dec 15, 2005 Sold to Manuel Dumaguala $700,000
Sold to Manuel Dumaguala

Property Highlights

Garage
Air Conditioning
Parking Details
Parking Features: None
Interior Details

Bathroom Information

Full Bathrooms: 3

Room Information

Rooms: 18

Basement Information

Basement: Finished, Full


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
9 Beds
5 Baths
-
$995,000 Oct 25, 2021
$995,000 May 23, 2023
$654/mo
Multifamily
9 Beds
4 Baths
-
$1,200,000 Jul 27, 2020
$1,200,000 Dec 28, 2020
$600/mo
Multifamily
10 Beds
3 Baths
-
$1,272,000 Jul 25, 2020
$1,272,000 Oct 22, 2020
$571/mo
Multifamily
8 Beds
3 Baths
-
$1,260,000 May 14, 2019
$1,260,000 Oct 28, 2019
$507/mo
Multifamily
8 Beds
4 Baths
-
$1,175,000 Apr 9, 2021
$1,175,000 Jan 26, 2022
$538/mo
Multifamily
11 Beds
3 Baths
-
$1,475,000 Mar 6, 2023
$1,475,000 Aug 2, 2023
$586/mo
Multifamily
9 Beds
3 Baths
-
$1,795,000 Sep 13, 2023
-
$641/mo
Multifamily
6 Beds
4 Baths
-
$1,477,000 Sep 11, 2023
-
$507/mo
Multifamily
6 Beds
4 Baths
-
$1,500,000 Mar 22, 2023
-
$408/mo
Multifamily
16 Beds
6 Baths
-
$1,688,000 Aug 1, 2023
-
$1,441/mo
Multifamily
12 Beds
8 Baths
-
$1,650,000 Sep 19, 2022
-
$1,294/mo
Multifamily
5 Beds
2 Baths
-
$1,250,000 Aug 23, 2023
-
$386/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230622
06/22/2023
9 Bed
3 Bath
-
$1,675,000
bedrooms
9 Bed
bathrooms
3 Bath
-
-
-
David Roman
Oxford Property Group USA
20220809
08/09/2022
9 Bed
3 Bath
-
$1,695,000
bedrooms
9 Bed
bathrooms
3 Bath
-
-
-
Justin DiGiulio
Oxford Property Group
20190628
06/28/2019
9 Bed
3 Bath
1733 ft²
$1,599,000
bedrooms
9 Bed
bathrooms
3 Bath
square feet
1733 ft²
-
-
-
Lucy Hensley
Winzone Realty Inc

Building Info

16-66 Jefferson Avenue 16-66 Jefferson Avenue, Ridgewood, NY 11385
  • 3 Units
  • 1 Unit for Sale
More about this Building
16-66 Jefferson Avenue
Want to find out who owns 16-66 Jefferson Avenue, Ridgewood, NY 11385? Get detailed property transactions here .

About Northwestern Queens


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