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    16-59 Summerfield St Ridgewood, NY 11385

    Sponsored
    For Sale
    $1,300,000

    MULTI_FAMILY - Ridgewood, NY

    Lot size:
    0.05 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 16-59 Summerfield St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Basement
    Full
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1931
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick

    Sany Realty Group LLC (917) 568-8388 [email protected]

    Listing agent Ren Wang (917) 238-7878

    Listing date Dec 31, 2025

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Multifamily Investment Opportunity

    This multifamily building is located in Ridgewood, NY. The three-story building includes a basement. Each floor measures 1,764 square feet and contains two units. Each unit features three bedrooms and one full bathroom, for a total of 18 bedrooms and 6 bathrooms across the building. The property is situated two blocks from the L train and is close to shops. A new roof has been installed. The lot size is 0.05 acres. This property is an investor special with a cap rate over 6%, and is being sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.901502
    Latitude
    40.695396

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    FAQs

    What type of property is this?
    Apartment building - Six-family building near L train, ideal for investors.
    Where is this apartment building located?
    The property is located at 16-59 Summerfield St Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Cap rate over 6% (Investor Special); - Six family building with six 3-bedroom units, 18 bedrooms and 6 bathrooms total; - Large units offering 1,764 SF per floor
    (917) 238-7878
    Request Owner's contact information
    16-59 Summerfield St Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16-59 Summerfield St Ridgewood, NY 11385
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