1639 Summerfield St Ridgewood, NY 11385

This exceptional mixed-use property at 1639 Summerfield St., Ridgewood, NY 11385, presents a compelling investment opportunity. The fully updated legal two-family dwelling boasts a finished basement and a substantial backyard with convenient front-to-back access. Both apartments have undergone significant renovations. The first-floor unit, currently occupied, features a 3-bedroom, 1-bathroom layout with a new kitchen and bathroom, stainless steel appliances, and updated electrical and plumbing. The second-floor unit, a vacant 3-bedroom, 1.5-bathroom apartment, is also fully renovated with new kitchen and bathroom, stainless steel appliances, and updated electrical and plumbing. The finished basement includes a full bath and two recently installed electrical panels. This property benefits from its strategic location, just half a block from the L train and close to houses of worship, schools, buses, shopping, restaurants, and breweries. The surrounding area is experiencing rapid development, with nearby new constructions including a 52-unit development and a 132-room hotel with commercial space. Further highlighting the growth potential, the neighboring Western Beef has been demolished to make way for a new multi-unit development, and extensive renovations are underway on other properties in the immediate vicinity. This property also possesses significant Air Rights of 3,026 sq. ft., offering potential for expansion. The Air Rights can be purchased separately. The owner is open to considering all offers.