6-Family House in Ridgewood, $697,000, Ridgewood, NY, Open House: 10/15/05 noon - 2 pm. Broker is Amorelli Realty in Astoria. See the listing on Craigslist and the one on Amorelli’s site (note the price drop from $709,000. Mario of Amorelli is at 718-662-2010.
I love the buildings in Ridgewood. And this one looks like a real beauty. Six-family houses — really it’s a small apartment building – in Ridgewood don’t come on the market all that often. Based on the prices we see elsewhere in Queens and especially in Brooklyn, this could become a fine deal. The big if is rent control and rent stabilization — can you make the mortgage payments if you’ve got tenants who’ve lived there since the dawn of time? Ridgewood is on the L subway line, and a really beautiful neighborhood of early 20th century brick row houses. It’s much more like Brooklyn than Queens. See the neighborhood profile of Ridgewood on About.com and also photos of Ridgewood.
While you’re in Ridgewood, call to see this other open house:
2-Family House in Ridgewood, $679,000, Ridgewood, NY. Open House: 10/15/05, noon to 2 p.m. The Craigslist post says it needs work, but it could be worth it. It was built in 1910, one of the earliest homes in Ridgewood, now part of the largest historic district in the country.
Call Home Hunters Real Estate, Annaat 917-224-0659 or 718-326-2400.
Normally, I don’t pick open houses where the listing doesn’t include the address, but such is my enthusiasm for Ridgewood that two exceptions were needed. Happy house hunting!