6340 Fresh Pond Rd
Six-family multifamily building in Ridgewood, New York, offered at $1,275,000 at a 5.74% cap rate. The three-story, 5,833 SF asset contains six units and is currently 83% occupied, with one unit held vacant by the owner to facilitate showings. A buyer can occupy the vacant unit while collecting rent from the five leased units to offset mortgage costs, or lease all six units to maximize cash flow and investment returns.
Built in 1930 on a 0.06-acre lot zoned R-6B C1-4, the building sits in central Ridgewood, a neighborhood well served by public transit. The location offers direct access to subway, commuter rail, bus lines, and nearby airport connectivity, making it attractive to both owner-occupants seeking primary residence flexibility and investors targeting steady rental income in an established residential market.
- Six-unit multifamily building, 83% occupied with one vacant unit
- Owner-occupant or full investment flexibility
- 5.74% cap rate
- Central Ridgewood location with subway and commuter rail access
- Built 1930, three stories on 0.06-acre lot
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Features & amenities
Location
Located in the heart of Ridgewood, this six-family multifamily building presents an excellent opportunity for both owner-occupants and investors. The owner has intentionally kept one unit vacant to make property showings more convenient. A buyer can occupy the vacant unit while generating rental income from the remaining five units to help offset mortgage costs, or lease all six units to maximize investment returns and cash flow.