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    63-08 Forest Ave Ridgewood, NY 11385

    Sponsored
    For Sale
    $950,000

    Multi Family - Ridgewood, NY

    Type:Single Family Attached
    Property size:
    5,575 SF
    Lot size:
    0.06 Acres
    Days on Market:
    218
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 63-08 Forest Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Rooms
    Basement
    APN
    03372-0043
    Basement Y/N
    1
    Size
    5,575 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    6
    Building materials
    Brick
    Architectural style
    Other

    E REALTY INTERNATIONAL CORP. (718) 886-8110 [email protected]

    Listing agent Hsin Yuan Yang (718) 886-8110 License #10311205376

    Listing date Jun 2, 2025

    MLS# 872325 Listing URL

    Copyright © 2025 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 6-Family Investment Property

    Located in the heart of Ridgewood, this well-maintained 6-family investment property offers strong rental income and high return potential. The building, situated in a convenient location near shopping, dining, and public transportation, is attractive to tenants. The property, with a living area of 5575 square feet and a lot size of 0.0626 acres, is ideal for investors seeking stable cash flow in a prime, high-demand neighborhood. This is a turn-key asset poised for long-term growth in one of Queens' most desirable areas.
    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
    -73.905086
    Latitude
    40.711608

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-family property in prime Ridgewood location.
    Where is this apartment building located?
    The property is located at 63-08 Forest Ave Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Strong rental income and high return potential.; - Prime, high-demand Ridgewood location.; - Well-maintained 6-family investment property.
    (646) 688-8998
    Request Owner's contact information
    63-08 Forest Ave 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
    63-08 Forest Ave Ridgewood, NY 11385
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