$2,150,000
477 FAIRVIEW Avenue
MLS® #RLS11002881
Listing by Revived Residential
7
Bedrooms
6
Baths
N/A
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Other
- Character: Pre-war building (1920)
Property Details
Description
Looking for a unicorn investment property? It is not often that youre able to find a massive legal five family building that is in excellent shape, can be delivered vacant at closing and is in a prime-time neighborhood. This building is 4,200 square feet, it is comprised of four two-bedroom railroad style apartments and one enormous true three bedroom, two bath apartment with access to the backyard. There is also a full basement, with multiple coin operated washing machines and updated mechanicals. This building is 25x56 and sits on a 25x95 lot and I zoned R6B. You are located in prime Ridgewood, just outside the landmarked district and within blocks of the L and M train. Being this is such a great location; you should never have a vacancy. The expenses are currently just under $30,000 a year and potential rent roll is close to $190,000 a year. You should end up with a 7-7.5% cap rate on this building. This could also be a great condo conversion, whether it is now or if you hold it and do it in the future. This is a perfect 1031 situation.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Ridgewood
View All Ridgewood ListingsRidgewood features orderly blocks of brick and limestone rowhouses, prewar tenements with decorative cornices, and multi-family buildings constructed between 1905 and 1925, making it one of Queens' most architecturally consistent neighborhoods. The M train runs through the heart of the area with stops at Seneca Avenue, Forest Avenue, and Fresh Pond Road, while the L train connects at Myrtle-Wyckoff Avenues. Highland Park and Ridgewood Reservoir border the neighborhood to the south, and the Vander Ende-Onderdonk House, an 18th-century landmark, marks the historic Queens-Brooklyn boundary.
Ridgewood Live Market Data
View NeighborhoodActive Listings
12
Median Asking Price
$1.35M
Median $/Sqft
$794
Avg Days on Market
N/A
New This Week
1
Price Reduced
8%
Sold (30 Days)
0
Median Sale Price
$1.15M
Live data from RLS at REBNY • Updated 3/23/26, 4:51 AM EST
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Location
477 FAIRVIEW Avenue, Ridgewood, Queens County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
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Listing Courtesy of Revived Residential - Louis Belisario
Listing Contact: (347) 702-3316
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RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 8:51 AM UTC