$1,525,000
●
Multifamily -
Off Market
16-66 Jefferson Avenue
Ridgewood, NY 11385
9 Beds
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Aug 29, 2023 | Withdrawn | - | |
Withdrawn | |||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
Exterior Details
Property Information
Has Property Attached
Green Sustainability
Property Condition: Great
Road Responsibility: Public Maintained Road
Building Information
Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Frame, Vinyl Siding
Lot Information
Lot Features: Near Public Transit
Lot Size Area: 0.04
Lot Size Units: Acres
Lot Size Acres: 0.04
Land Information
Water Source: Public
Financial Details
Tax Map Number: 03548-0046
Included In Taxes: Sewer, Trash, Water
Tax Annual Amount: $7,557
Lease Considered: Yes
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Natural Gas, Hot Water
Sewer : Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
9
Beds
5
Baths
-
$995,000
Oct 25, 2021
$995,000
May 23, 2023
$654/mo
Sold
Multifamily
9
Beds
4
Baths
-
$1,200,000
Jul 27, 2020
$1,200,000
Dec 28, 2020
$600/mo
Sold
Multifamily
10
Beds
3
Baths
-
$1,272,000
Jul 25, 2020
$1,272,000
Oct 22, 2020
$571/mo
Sold
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
Sold
Multifamily
11
Beds
3
Baths
-
$1,475,000
Mar 6, 2023
$1,475,000
Aug 2, 2023
$586/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/22/2023
|
|
9 Bed
|
3 Bath
|
-
|
$1,675,000
9 Bed
3 Bath
|
-
-
|
-
|
David Roman
Oxford Property Group USA
|
08/09/2022
|
|
9 Bed
|
3 Bath
|
-
|
$1,695,000
9 Bed
3 Bath
|
-
-
|
-
|
Justin DiGiulio
Oxford Property Group
|
06/28/2019
|
|
9 Bed
|
3 Bath
|
1733 ft²
|
$1,599,000
9 Bed
3 Bath
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