1701 Gates Avenue, Ridgewood, NY 11385

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
1701 Gates Avenue,Ridgewood, NY 11385
$3,200,000
  • 15 Beds
  • 6 Baths
  • 5,850 sq. ft.
  • Multi-family
  • Pending
Listed by: amberly sclar
Office: blt minimax realty inc
MLS#:927797
Source:OneKey MLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$547.01

About this home

**FINALLY ALL RENTALS ARE VACANT!!** *WOW! GROSS CAP RATE OF 9.28% / NET CAP RATE OF 7.94% !* **Projected Annual GROSS Rental Income: Just for Residential $255k. With Commercial $297k** (Average Renovated 3 Bed Boxed Layout is $4,250 Monthly / Commercial Average is about $70 per soft) In a ‘Renters Haven’ off the corner of Gates Avenue, we have a Once In A Long Time Opportunity for Easy Investment Income IN A 78 FOOT LONG BUILDING! This is a CORNER 5 FAMILY BUILDING WITH STOREFRONT…NOT Rent Controlled/NOT Rent Stabilized. FREE MARKET!! About 1,950 SQFT per floor (Building Size is 25X78). 78 FEET LONG - Location, Location, Location… a 5 Minute Walking Distance to the M/L Subway, Multiple Buses, and Anything a Renter Desires. - Surrounded by eateries and night time entertainment! - and ONLY a 5 Minute Walk to the Subway (M/L Line) Built in 1930, 17-01 Gates Avenue is a MASSIVE 15 Bedroom/ 6 Bathroom Mixed Use MultiFamily Located in the Heart of Ridgewood…Only a skip away from

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Home facts

  • Year built:1930
  • Listing ID #:927797
  • Added:58 day(s) ago
  • Updated:December 21, 2025 at 08:46 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:5,850 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1930
  • Building area:5,850 sq. ft.
  • Lot area:0.06 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$547.01
  • Tax amount:$26,712 (2025)
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