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    63-40 Fresh Pond Rd Ridgewood, NY 11385

    Sponsored
    For Sale
    $1,790,000

    Multi Family - Ridgewood, NY

    Type:Single Family Attached
    Property size:
    5,833 SF
    Lot size:
    0.07 Acres
    Days on Market:
    146
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 63-40 Fresh Pond Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Rooms
    Basement
    APN
    03524-0054
    Basement Y/N
    1
    Size
    5,833 SF
    Lot size
    0.07 Acres

    Utilities

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

    Building Details

    Year built
    1930
    Number of units
    6
    Building materials
    Brick
    Architectural style
    Other

    Keystone Realty USA (631) 486-1126 [email protected]

    Listing agent Roman Nissim (631) 261-2800 License #10401305914

    Listing date Aug 13, 2025

    MLS# 891975 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 Multifamily Investment Opportunity

    Located in a high-demand area of Queens, this well-maintained three-story multifamily property with a basement offers a dependable investment opportunity. The building features an attractive brick exterior and low maintenance costs. The property contains six residential railroad-style units, providing consistent rental income with significant upside potential. The same ownership has maintained the property for over 40 years. Currently, five of the six units are occupied, presenting an immediate opportunity to increase cash flow by leasing the vacant unit at market rent. There is also potential to boost value over time by upgrading interiors. The lot size is 2,844 square feet, and the building area is 5,833 square feet. The zoning is R6B / C1-4, suggesting potential for future redevelopment.
    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
    -73.902463
    Latitude
    40.72049

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained Ridgewood multifamily with six units and income potential.
    Where is this apartment building located?
    The property is located at 63-40 Fresh Pond Rd Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: - Consistent rental income with significant upside potential due to one vacant unit and opportunity to upgrade interiors.; - Located in a high-demand area of Ridgewood, Queens.; - Six residential units provide a strong income base.
    (917) 215-1944
    Request Owner's contact information
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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
    63-40 Fresh Pond Rd Ridgewood, NY 11385
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