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    2056 Gates Ave Flushing, NY 11385

    For Sale
    $1,129,900

    Rent-stabilized 6-family brick building in landmarked Ridgewood, Queens.

    Lot size:
    0.06 Acres

    Property Features for 2056 Gates Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1930

    Source: Exit All Seasons Realty Agent Jaroslaw Kaszuba

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rent Stabilized Ridgewood Multifamily Property

    Located in a landmarked section of Ridgewood, this rent-stabilized 6-family brick property is situated close to public transportation, restaurants, and coffee shops. The property is positioned in a neighborhood known for its historic charm, vibrant streets, and increasing popularity. The current yearly gross income is just above $100,000, with a net income around $70,000, with substantial upside potential.
    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
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.904023
    Latitude
    40.707183

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    FAQs

    What type of property is this?
    Apartment building - Rent-stabilized 6-family brick building in landmarked Ridgewood, Queens.
    Where is this apartment building located?
    The property is located at 2056 Gates Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,129,900.
    What are key features of this property?
    This property features: - Rent stabilized 6-family brick property.; - Located in the Ridgewood neighborhood, known for historic charm and increasing popularity.; - Situated in a landmarked section of Ridgewood.
    (718) 345-4545
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    2056 Gates Ave Flushing, 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
    2056 Gates Ave Flushing, NY 11385
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