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Michelle Burroughs

michellesellshomes@mbarealtor.com +1(908) 224-0499

$ 2,339,000

Est. payment -/mo

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Price Dropped by $160K

72-55 60th LN Ridgewood, NY 11385

16 Beds

8 Baths

3,484 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,484 sqft

Price per Sqft $671

MLS Listing ID 934377

Style Colonial

Bedrooms 16

Full Baths 4

Half Baths 4

HOA Y/N No

Rental Info No

Year Built 1931

Annual Tax Amount $9,686

Lot Size 2,530 Sqft

Acres 0.0581

Lot Dimensions 3484

Property Sub-Type Single Family Residence

Source onekey2

Property Description

Welcome to 72-55 60th Lane, an exceptional investment opportunity! This meticulously maintained four-family building is ideally situated on the Ridgewood/Glendale border and offers a fully free-market setup — providing immediate and stable income in one of New York City's most dynamic and desirable neighborhoods. This rare property features four spacious units: two 4-bedroom, 2-bathroom duplexes and two 4-bedroom, 2-bathroom apartments — an uncommon configuration in the area. All units have been recently renovated, and each tenant pays their own utilities. Every unit includes central A/C and heating, generating a strong annual income of approximately $168,000 (including the owner's unit), with a projected potential income of around $182,400. With no rent-stabilization restrictions, investors can enjoy solid cash flow and maximum rental flexibility. The property showcases beautiful hardwood flooring throughout, with abundant natural light streaming through large windows to create a bright and inviting atmosphere. The modern kitchens are equipped with stainless steel appliances, including dishwashers, and the building offers the convenience of shared laundry facilities. The ground level of the duplex units provides additional space perfect for storage, recreation, or a home office — adding versatility and appeal for both tenants and owners. Spanning approximately 3,484 square feet, this property combines generous layouts with modern comfort. Conveniently located near the Fresh Pond Road M train, residents enjoy easy access to Manhattan and key destinations across Brooklyn and Queens, making this a highly desirable rental location. Surrounded by vibrant restaurants, trendy cafés, local shops, and a growing nightlife scene, this neighborhood ensures consistent tenant demand. It's an ideal opportunity for a savvy investor seeking strong returns or an end user looking to live in one unit while generating rental income to offset their mortgage. Contact us today for a detailed financial breakdown or to schedule a private showing.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Interior Features First Floor Bedroom

Heating Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features None

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Garage false

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Stucco

Schools

Elementary Schools Ps 68 Cambridge

Middle Schools Joseph F Quinn Intermediate School 77

High Schools Queens24

School District Queens24

Others

Senior Community No

Special Listing Condition None

Listed by Keller Williams Landmark II • Talaat A. Elkaray

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Success Academy Charter School-Crown Heights

Public | KG - 1
9

PS 189 Lincoln Terrace

Public | KG - 8
9

Achievement First Brownsville Charter School

Public | KG - 6
9

P.S. 229 Emanuel Kaplan School

Public | KG - 5
9

P.S. 128 Juniper Valley School

Public | KG - 8
9

Achievement First Apollo Charter School

Public | KG - 4
9

P.S./I.S. 113 Isaac Chauncey School

Public | KG - 8
8

PS 110

Public | KG - 1
8

Brooklyn Ascend Charter School

Public | KG - 7
8

P.S. 376 Brooklyn

Public | KG - 5
8

Jr High School 383 Philippa Schuyler

Public | 5 - 8
8

Ocean Hill Collegiate Charter School

Public | 5 - 8
8

A.C.E. Academy For Scholars At The Geraldine Ferraro Campus

Public | KG - 5
8

P.S. 102 Bayview School

Public | KG - 5
8

P.S. 49 Dorothy Bonawit Kole

Public | KG - 8
8

I.S. 119 The Glendale

Public | KG - 8
7

Bedford Stuyvesant Collegiate Charter School

Public | 5 - 10
7

P.S. 26 Jesse Owens School

Public | KG - 5
7

Excellence Girls Charter School

Public | KG - 5
7

Kings Collegiate Charter School

Public | 5 - 11

Middle Schools 20

9

The School of Integrated Learning

Public | 6 - 8
9

I.S. 5 The Walter Crowley Intermediate School

Public | 6 - 8
8

I.S. 125 Thomas J. Mccann Woodside

Public | 6 - 8
8

All City Leadership Secondary School

Public | 6 - 12
8

I.S. 73 The Frank Sansivieris Intermediate School

Public | 6 - 8
7

Robert F Wagner Jr Secondary School Arts and Technology

Public | 7 - 12
7

I.S. 93 Ridgewood

Public | 6 - 8
7

J.H.S. 292 Margaret S. Douglas

Public | 6 - 8
6

Jr High School 57 Whitelaw Reid

Public | 6 - 8
6

Middle School 267 Math, Science & Technology

Public | 6 - 8
6

Intermediate School 392

Public | 6 - 8
6

Intermediate School 77

Public | 6 - 8
6

East New York Family Academy

Public | 6 - 12
5

Middle School 582

Public | 6 - 8
5

Young Women's Leadership School of Brooklyn

Public | 6 - 11
5

Madiba Preparatory Middle School

Public | 6 - 7
5

Middle School of Marketing and Legal Studies

Public | 6 - 8
5

I.S. 347 School of Humanities

Public | 6 - 8
5

I.S. 349 Math, Science Tech.

Public | 6 - 8
5

Middle School for Art and Philosphy

Public | 6 - 8

High Schools 20

8

Maspeth High School

Public | 9 - 11
7

Aviation Career and Technical High School

Public | 9 - 12
7

Civic Leadership Academy

Public | 9 - 12
5

Brooklyn School for Math and Research

Public | 9 - 11
4

Williamsburg Charter High School

Public | 9 - 12
4

Grover Cleveland High School

Public | 9 - 12
4

World Academy for Total Community Health

Public | 9 - 12
4

Newton High School

Public | 9 - 12
4

Academy of Innovative Technology

Public | 9 - 12
4

Cypress Hills Collegiate Preparatory School

Public | 9 - 12
3

Queens Vocational and Technical High School

Public | 9 - 12
3

Bushwick Leaders High School for Academic Excellence

Public | 9 - 12
3

Frederick Douglass Academy Vii High School

Public | 9 - 12
3

Pan American International High School

Public | 9 - 12
3

Multicultural High School

Public | 9 - 12
2

International High School at Laguardia Community College

Public | 9 - 12
2

Middle College High School at Laguardia Community

Public | 9 - 12
2

Ebc High School for Public Service-Bushwick

Public | 9 - 12
2

Gotham Professional Arts Academy

Public | 9 - 12
2

Brooklyn High School for Law and Technology

Public | 9 - 12

School and business data provided by Attom Data.