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1701 Gates Ave
Ridgewood, NY 11385

$3,200,000 USD

Apartments For Sale  •  5,850 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,850 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 7.94 %
  • Zoning R6B
100 Transit Score
95 Walk Score

Highlights

CLOSE TO SUBWAY
RENTERS DELIGHT
SURROUNDED BY BARS AND EATERIES
FREE MARKET IN A HIGH RENT AREA
COMES WITH 1 CAR GARAGE
25x78ft LONG BUILDING!

Financial Summary (Proforma)

Net Operating Income: $254,308 USD (2025)
Cap Rate: 7.94 %
Total Expenses: $42,692 USD

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 6 min - 2.7 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 11 min - 3.6 mi
Transit/SubwayDriveWalkDistance
Seneca Avenue (M - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 0 min 4 min 0.2 mi
Forest Avenue (M - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 15 min - 7.0 mi
John F Kennedy International 17 min - 10.6 mi
Newark Liberty International 33 min - 17.5 mi
Amberly Sclar 718-501-5292 BLT Minimax Realty Inc
Amberly Sclar 718-501-5292 BLT Minimax Realty Inc