Property Description

Unveiling a Prime Investment Opportunity: 68-11 Forest Avenue, Ridgewood, NY

Discover an exceptional investor-focused opportunity at 68-11 Forest Avenue, a meticulously maintained 4-family building nestled in the heart of Ridgewood, Queens.  This fully free-market property presents an immediate income-generating asset with significant upside potential in one of New York City's most dynamic and desirable neighborhoods.
Investment Highlights:

• Four Free Market Units:  Enjoy the flexibility and maximizing rental income with all four units operating as free market
• Strong Cash Flow Potential:  All the units can command market-rate rents.  this property offers a robust income stream potential, ideal for investors seeking stable returns and minimal regulatory oversight as the Ridgewood rental market continues its upward trajectory.
• Ideal Building Dimensions:  Boasting a substantial 25-foot by 70-foot footprint, the building provides spacious layouts across its four units, appealing to a wide range of prospective tenants. Each apartment is composed of 2 bed 1 bath layouts.
• Unbeatable Transit Access:  Positioned for ultimate convenience, the Q39 bus stops directly on the block, offering seamless connectivity. Furthermore, the property is extremely convenient to the Forest Avenue M train stop, providing rapid access to Manhattan and other key Brooklyn and Queens destinations, a major draw for renters.
• Vibrant Neighborhood Amenities:  Ridgewood's reputation as a thriving cultural hub precedes it. The immediate vicinity of 68-11 Forest Avenue boasts an array of acclaimed restaurants, trendy cafes, local shops, and burgeoning nightlife, ensuring high tenant demand and a desirable lifestyle. Residents will appreciate the walkable nature of the neighborhood, with everyday essentials and entertainment just steps away.
• Strong Rental Market:  Ridgewood continues to experience consistent demand for quality rental housing. The neighborhood's unique blend of historic charm, artistic flair, and easy accessibility makes it a magnet for a diverse tenant base, ensuring low vacancy rates and strong rental growth.

Seize the opportunity to acquire an income-producing asset in a prime Ridgewood location. This is an ideal addition to any savvy investor's portfolio.
Please contact us for a detailed financial breakdown and to schedule a private showing.

Property Features