$1,200,000
Multifamily property
4522 40th StSunnyside, NY 11104
Listing courtesy of UNIVERSAL REALTY GROUP NY CORP · MyStateMLS #12051875
$1,950,000
Multifamily property · MLS 11592209 · Listed 383 days ago (Oct 17, 2025)
Active: Listed and available according to the MyStateMLS feed.
This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light.The building consists of three free-market units and three rent-stabilized units.All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers.At three stories high, the building is 3,600 SF and measures 20' x 60'.It sits on a 2,500 SF lot measuring 25'x100'.The building has a gross annual income of approximately $168,240 and has a 6.74% actual cap rate.The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue.This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.
Description provided by the listing brokerage.
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Ridgewood or multifamily property in Ridgewood.
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Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
Multifamily property listings for sale in Queens County, asking $975,000 to $2,925,000, newest first. Each one passes the same eligibility and display rules on its own. See all matches
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Listing courtesy of EVERGREEN REALTY & INVESTMENTS. Listing agent: Emma Barattini. Listings provided by MyStateMLS.
Listing last modified at the source Oct 22, 2025, 6:19 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 12:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.