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63-40 Fresh Pond Road

$2,150,000 ($369 per ft2) | 3 beds, 1 bath | Approx. 5,833 ft2
Building Profile  | 
157 days on Market

Key Details

  • Listed: Jul 10, 2024
    Days on Market: 157
    Building Type: Rental
    Neighborhood: Ridgewood (LIC / Queens)
Monthly Real Estate Taxes: $966
Total Taxes & Fees: $966 ($0.17/ft2)
Est. Monthly Mortgage: $11,190
Total Est. Monthly Carrying Cost: $12,156 ($2.08/ft2)
Note: the above is based on a down payment of 20% ($430,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Charming Historic Property: This well-maintained, rent-stabilized building is located in a Historic District, adding a unique charm and prestige. Built in 1930, the property is situated on a sunny, tree-lined street, enhancing its appeal with a touch of historical charm.
  • Modern Amenities and Safety Features: The building comes with two brand new 10-year 75-gallon AO Smith hot water tanks and a new Peerless steam boiler, all under warranty. It has been updated with a completely relined chimney for safety and efficiency.
  • Spacious Living Spaces: Each apartment in the building is spacious, featuring a big kitchen, dining room, living room, and 3 bedrooms. The property also includes a large basement with built-in storage areas, offering ample space for various uses.
  • Convenient Management and Maintenance: The building has a live-in super who handles garbage, recycling, and cleaning of common areas. It also has exterminator service as needed, ensuring a clean and pest-free environment.
  • Accurate Utility Tracking: The building is equipped with 6 residential electric meters and 6 residential gas meters, ensuring accurate utility tracking and reducing potential disputes.
  • Attractive Investment Opportunity: This no-fee rental property offers a steady income with minimal upkeep costs. The roof is in very good condition, reducing potential repair costs, and the building offers a city view, adding to its appeal.

Description

Own a piece of history. This six unit property with front courtyard and backyard is located in a Historic District on Fresh Pond Road on a sunny tree lined street. A limited number of blocks within Ridgewood have been given this distinguished Historic District status. Building is rent stabilized and well maintained.

There are two brand new 10 year 75 gallon AO Smith hot water tanks and there is also a brand new Peerless steam boiler plus the building chimney was completely relined from the basement to the roof. Everything is new and under warranty protection for piece of mind.
The meter room has 6 residential electric meters plus the PLP meter. There are also 6 residential gas meters plus the PLP meter.

Everything is neat and clean and LL152 for the gas piping was recently performed. The basement is large and has storage areas built throughout. There is a steel flap gate from the front courtyard with stairs to the basement as well as another steel flap with stairs from the backyard.

The boiler room is clean and up to code with a fusable damper and CO2 combi detectors.
There are 3 hallways, each with a left side and a right side apartment. Each apartment is roomy and has a big kitchen, dining room and living room and 3 bedrooms.

There is an additional staircase to get to the roof which is in very good condition. For this sale, we are leaving the left side 2nd floor apartment empty for a future owner to live in or rent at a future date. The building has exterminator service as needed and there is a live in super who handles the garbage and recycling and cleaning the common areas.

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Apartment Amenities

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Listing courtesy of R New York

Pricing History

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About 63-40 Fresh Pond Road

Building Amenities

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Subways

  1. M
at 62nd and 67th Ave 0.39 miles