2037 Gates Ave, Ridgewood, NY 11385

EVRG EXCLUSIVE • 6 FAMILY RENT STABILIZED • RIDGEWOOD

This rent-stabilized three-story building is located in Ridgewood and consists of six residential units. One of the top floor units is vacant, and 1R and 2R are owner-occupied and will be delivered vacant at free-market rates. Unit 1R can be duplexed with the basement for a higher free-market rent. This deal is perfect for an owner/user who wants to occupy the top floor unit and rent the owner occupied units at market value, or an investor who wants to buy a 5.3% cap. All units are railroad two bedroom units and have modern kitchens. At 4,125 SF, the building measures 27.5' x 68' and sits on a 2,742 SF lot measuring 27.5' x 100.' Residents are 4 blocks to the M at Forest Avenue and close to multiple bus lines. Many popular Ridgewood spots are within walking distance.