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561 Fairview Ave
Ridgewood, NY 11385

$1,850,000 USD

Multifamily For Sale  •  2,708 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,708 SF
  • Lot Size 0.05 AC
  • Year Built 1930
  • Cap Rate 5.46 %
  • Zoning R6B
100 Transit Score
100 Walk Score

Highlights

Amazing location, easy to rent and generate income
Renovated and market ready units.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $100,949 USD (2025)
Cap Rate: 5.46 %
Total Expenses: $21,451 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) 8 min - 3.3 mi
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 9 min - 3.5 mi
Transit/SubwayDriveWalkDistance
Forest Avenue (M - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
Seneca Avenue (M - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Fresh Pond Road (M - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.1 mi
John F Kennedy International 18 min - 10.7 mi
Raanan Laufer 646-239-4168 Alpha Properties NYC
Raanan Laufer 646-239-4168 Alpha Properties NYC