72-55 60th LN new Save Request In-Person Tour Request Virtual Tour
Ridgewood,NY 11385
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $717
MLS Listing ID 934377
Style Colonial
Bedrooms 16
Full Baths 4
Half Baths 4
HOA Y/N No
Rental Info No
Year Built 1931
Annual Tax Amount $9,686
Lot Size 2,530 Sqft
Acres 0.0581
Lot Dimensions 3484
Property Sub-Type Single Family Residence
Source onekey2
Property Description
Welcome to 72-55 60th Lane, an exceptional investment opportunity! This meticulously maintained four-family building is ideally situated on the Ridgewood/Glendale border and offers a fully free-market setup — providing immediate and stable income in one of New York City's most dynamic and desirable neighborhoods. This rare property features four spacious units: two 4-bedroom, 2-bathroom duplexes and two 4-bedroom, 2-bathroom apartments — an uncommon configuration in the area. All units have been recently renovated, and each tenant pays their own utilities. Every unit includes central A/C and heating, generating a strong annual income of approximately $168,000 (including the owner's unit), with a projected potential income of around $182,400. With no rent-stabilization restrictions, investors can enjoy solid cash flow and maximum rental flexibility. The property showcases beautiful hardwood flooring throughout, with abundant natural light streaming through large windows to create a bright and inviting atmosphere. The modern kitchens are equipped with stainless steel appliances, including dishwashers, and the building offers the convenience of shared laundry facilities. The ground level of the duplex units provides additional space perfect for storage, recreation, or a home office — adding versatility and appeal for both tenants and owners. Spanning approximately 3,484 square feet, this property combines generous layouts with modern comfort. Conveniently located near the Fresh Pond Road M train, residents enjoy easy access to Manhattan and key destinations across Brooklyn and Queens, making this a highly desirable rental location. Surrounded by vibrant restaurants, trendy cafés, local shops, and a growing nightlife scene, this neighborhood ensures consistent tenant demand. It's an ideal opportunity for a savvy investor seeking strong returns or an end user looking to live in one unit while generating rental income to offset their mortgage. Contact us today for a detailed financial breakdown or to schedule a private showing.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Interior Features First Floor Bedroom
Heating Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Dryer,Microwave,Refrigerator,Washer
Exterior
Parking Features None
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
Elementary Schools Ps 68 Cambridge
Middle Schools Joseph F Quinn Intermediate School 77
High Schools Queens24
School District Queens24
Others
Senior Community No
Special Listing Condition None