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482 Ridgewood Avenue

Brooklyn, NY 11208
  • $1,250,000
  • STATUS: Active
  • MLS #: 906253
UPDATED: 14 min ago
$1,250,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:
Area:

School Information

Elementary School:
School District:

Description

Introducing a solid, all-brick six-family investment property located in the vibrant East New York neighborhood of Brooklyn. This income-producing corner property offers an excellent opportunity for investors seeking strong returns and long-term value. The building consists of six (1-bedroom) apartments, each well-proportioned and maintaining consistent rental demand. Additional highlights include a finished basement for versatile use and a private 4-car garage, providing rare convenience and enhancing the property’s overall value. Ideally situated on the corner of Ridgewood Avenue, the property enjoys close proximity to major transportation options, including the J & Z subway lines as well as B13 and B26 bus routes, ensuring easy commutes throughout Brooklyn and beyond. The neighborhood is bustling with amenities such as shopping centers, restaurants, and grocery stores, while recreational and educational needs are met by Highland Park and Community School District 19. This property presents a remarkable turnkey investment in a strong rental market with immediate income potential and continued growth opportunities

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© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2026-04-21T12:18:50.147.
www.thisoldhudsonrealestate.com/homes/167376200
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482 Ridgewood Avenue Brooklyn, NY 11208

  • Price: $1,250,000
  • Status: Active
  • On Site: Days
  • Updated: 14 min ago
  • MLS #: 906253
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1915
Built
Neighborhood:
New York
County:
Brooklyn
Area:
New York
Elementary School:
Ps 159 Isaac Pitkin
School District:
Contact Agent
Property Description
Introducing a solid, all-brick six-family investment property located in the vibrant East New York neighborhood of Brooklyn. This income-producing corner property offers an excellent opportunity for investors seeking strong returns and long-term value. The building consists of six (1-bedroom) apartments, each well-proportioned and maintaining consistent rental demand. Additional highlights include a finished basement for versatile use and a private 4-car garage, providing rare convenience and enhancing the property’s overall value. Ideally situated on the corner of Ridgewood Avenue, the property enjoys close proximity to major transportation options, including the J & Z subway lines as well as B13 and B26 bus routes, ensuring easy commutes throughout Brooklyn and beyond. The neighborhood is bustling with amenities such as shopping centers, restaurants, and grocery stores, while recreational and educational needs are met by Highland Park and Community School District 19. This property presents a remarkable turnkey investment in a strong rental market with immediate income potential and continued growth opportunities
Exterior Features

Construction Materials Brick Cross Street Eldert Ln Fencing Fenced Foundation Details BlockStone Lot Features Corner Lot Parking Features Attached Parking Total 4 Property Attached YN No Stories Total 3 View City Waterfront YN No

Interior Features

Appliances Electric OvenENERGY STAR Qualified AppliancesGas CooktopGas Oven Basement Details CommonFinishedFull Basement YN Yes Cooling None Elevator YN No Flooring Hardwood Number Of Heat Units 1 Number Of Heating Zones 2 Security Features Building Security

Property Features

Accessibility Features Accessible Common AreaAccessible Entrance Annual Rental Income 125000 Building Area Total 4590 Building Features Ceiling Fan(s)Walk Up Community Features OtherParkPlaygroundSidewalks Electric Company Con-Edison Financial Year 2024 Fuel Expense 3600 Gross Income 125000 Heating Natural Gas Insurance Expense 8000 Listing Terms 1031 ExchangeAssumableCashConventionalVA Lot Size Area 2725 Maintenance Expense 150 Net Operating Income 85000 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Operating Expense 25000 Other Expense 120 Property Condition ActualUpdated/Remodeled Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Sprinkler System YN Yes Tax Annual Amount 17844 Tax Section 17844 Tax Source Other Tenant Pays ElectricityGas Total Vacancies 2 Utilities Trash Collection PublicWater Connected Water Access YN No Water Sewer Expense 6000 Water Source Public Zoning R-5

Listing courtesy of Devaykanan Rishudeo of Douglas Elliman Real Estate: 516-669-3700
© 2026 OneKey MLS. All rights reserved.


© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2026-04-21T12:18:50.147.
 
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