407 Fairview Ave., Ridgewood, NY
Property Description
407 Fairview Avenue is a two-family residential property located in the Ridgewood section of Queens, NY. Built in 1920, the property consists of approximately 1,568 square feet of living area, with 6 bedrooms and 3 bathrooms across two residential units. The building sits on a 16.5' x 95' lot totaling approximately 1,568 square feet and is improved with a two-story frame structure. The property is zoned R6B and classified as a B2 two-family dwelling, making it suitable for continued owner-occupancy, rental use, or long-term investment ownership. Public records indicate the property is currently owner-occupied and occupied, with no reported HOA/COA, no involuntary liens, and no current distress or short-sale status. The asset benefits from significant estimated equity, with an indicated value of approximately $999,000 and estimated mortgage debt of approximately $314,811. The property has been held for nearly 20 years, suggesting stable ownership and potential long-term appreciation. Based on available data, the home appears to be in average overall condition, with an average interior, good kitchen condition, and average bathroom condition. Located in Ridgewood, a well-established Queens neighborhood known for its residential character, access to Brooklyn and Manhattan, and continued demand for two-family housing, 407 Fairview Avenue presents a solid equity-rich residential asset with potential appeal to end-users, small investors, or buyers seeking a two-family property in a supply-constrained market.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $500,000 |
| Year Built: | 1920 |
| Lot Size: | 1,742.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-NYSMLS-11871315
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