$1,499,999
●
Multifamily -
For Sale
576 Fairview Avenue
Ridgewood, NY 11385
4 Beds
4 Baths,
2
Half Baths
$9,139
Estimated Monthly
$0
HOA / Fees
1.80%
Cap Rate
About This Property
Welcome to a 576 Fairview Ave. a prime mixed-use investment
opportunity in Ridgewood, one of the coolest neighborhoods in
Queens. This property features two residential units and a
commercial storefront housing a beautiful bright and newly
renovated trendy fashion studio and lounge, which feels like a
welcome oasis amid city life. The current set-up is ideal for
an investor or business owner looking to establish their business
and possibly their home in a thriving neighborhood. Each
residential unit offers two bedrooms and one bathroom. The
apartments have a comfortable and stylish living space. This
spacious and well-maintained building measures 25' X 87.5' and is
situated on a highly accessible corner location with easy
transportation access and presents a rare chance for investors to
secure steady returns in a thriving and vibrant neighborhood known
for its diverse community, excellent dining options, and convenient
transportation. The property is situated on a tree-lined street
amongst the historic architecture Ridgewood offers, which is a
charming and welcoming atmosphere for residents, tenants and
businesses alike. Don't miss this opportunity to own a prime
mixed-use building in one of Queens' most sought-after
neighborhoods.
Unit Size
-
Days on Market
14 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,773
HOA Dues
-
Year Built
1910
Listed By
Last updated: 14 days ago (OneKey MLS #ONE3544762)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 15, 2024 | Listed by EXP Realty | $1,499,999 | |
Listed by EXP Realty | |||
Jul 2, 2020 | Sold to Nearly Seven Llc | $1,340,000 | |
Sold to Nearly Seven Llc | |||
Jul 18, 2014 | Sold to 576 Fairview Avenue Realty Llc | $750,000 | |
Sold to 576 Fairview Avenue Realty Llc |
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Bathroom Information
Half Bathrooms: 2
Full Bathrooms: 2
Room 1
Level: Second
Type: 2 - 2 bedroom apartments
Room Information
Rooms: 4
Basement Information
Basement: Full, Unfinished
Exterior Details
Property Information
Architectual Style: Two Story
Property Type: Residential Income
Property Sub Type: Multi Family
Year Built: 1910
Building Information
Building Area Units: Square Feet
Construction Methods: Frame, Shingle Siding
Lot Information
Lot Features: Near Public Transit
Lot Size Acres: 0.05
Lot Size Square Feet: 2188
Lot Size Dimensions: 25x87.5
Land Information
Water Source: Public
Water Source: Gas Stand Alone
Financial Details
Tax Annual Amount: $21,280
Utilities Details
Cooling: Yes
Cooling: Wall Unit(s)
Heating: Natural Gas, Hot Water
Sewer : Public Sewer
Location Details
Directions: waze.com
County or Parish: Queens
Other Details
Selling Agency Compensation: 1
On Market Date: 2024-04-15
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
4
Beds
4
Baths
-
$1,300,000
Sep 24, 2022
$1,300,000
Mar 20, 2023
$649/mo
Sold
Multifamily
4
Beds
3
Baths
-
$1,180,000
Nov 5, 2019
$1,180,000
Jan 7, 2020
$498/mo
Multifamily
5
Beds
3
Baths
-
$1,190,000
Sep 5, 2022
$1,190,000
Dec 15, 2022
$646/mo
Sold
Multifamily
8
Beds
4
Baths
-
$1,200,000
Feb 11, 2022
$1,200,000
Aug 2, 2022
$623/mo
Sold
Multifamily
8
Beds
4
Baths
-
$2,150,000
Sep 12, 2021
$2,150,000
Mar 18, 2022
$703/mo
Sold
Multifamily
7
Beds
3
Baths
-
$1,325,000
Feb 1, 2022
$1,325,000
Jul 12, 2023
$593/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/04/2019
|
|
Loft
|
-
|
-
|
$1,350,000
Loft
-
|
$1,340,000
-0.74%
07/02/2020
|
Richard Matt Shane
All Island Estates Realty Corp
|
|
12/07/2018
|
|
Studio
|
-
|
-
|
$1,688,000
Studio
-
|
-
-
|
-
|
Richard Shane
All Island Estates Realty Corp
|
Building Info
576 Fairview Avenue
576 Fairview Avenue, Ridgewood, NY 11385
- 4 Units
- 1 Unit for Sale