SOLD FOR $2,150,000
· Closed August 30, 2024
$2,150,000
477 FAIRVIEW Avenue
MLS® #RLS11002881
Listing by Revived Residential
7
Bedrooms
6
Baths
N/A
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Other
- Character: Pre-war building (1920)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Feb 21, 2024 | $2,150,000 | - |
| Price Reduced | Sep 3, 2024 | $1,875,000 | -12.8% |
Description
Looking for a unicorn investment property? It is not often that youre able to find a massive legal five family building that is in excellent shape, can be delivered vacant at closing and is in a prime-time neighborhood. This building is 4,200 square feet, it is comprised of four two-bedroom railroad style apartments and one enormous true three bedroom, two bath apartment with access to the backyard. There is also a full basement, with multiple coin operated washing machines and updated mechanicals. This building is 25x56 and sits on a 25x95 lot and I zoned R6B. You are located in prime Ridgewood, just outside the landmarked district and within blocks of the L and M train. Being this is such a great location; you should never have a vacancy. The expenses are currently just under $30,000 a year and potential rent roll is close to $190,000 a year. You should end up with a 7-7.5% cap rate on this building. This could also be a great condo conversion, whether it is now or if you hold it and do it in the future. This is a perfect 1031 situation.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Ridgewood
View All Ridgewood ListingsRidgewood features orderly blocks of brick and limestone rowhouses, prewar tenements with decorative cornices, and multi-family buildings constructed between 1905 and 1925, making it one of Queens' most architecturally consistent neighborhoods. The M train runs through the heart of the area with stops at Seneca Avenue, Forest Avenue, and Fresh Pond Road, while the L train connects at Myrtle-Wyckoff Avenues. Highland Park and Ridgewood Reservoir border the neighborhood to the south, and the Vander Ende-Onderdonk House, an 18th-century landmark, marks the historic Queens-Brooklyn boundary.
Ridgewood Live Market Data
View NeighborhoodActive Listings
14
Median Asking Price
$1.15M
Median $/Sqft
$819
Avg Days on Market
N/A
New This Week
1
Price Reduced
29%
Sold (30 Days)
0
Median Sale Price
N/A
Live data from RLS at REBNY • Updated 5/17/26, 6:55 AM EST
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Location
477 FAIRVIEW Avenue, Ridgewood, Queens County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $12,216, or roughly $1,018 per month. Verify the current assessment with your attorney before closing.
This property has 7 bedrooms and 6 full bathrooms.
According to MLS records, the building was constructed in 1920, making it approximately 106 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Revived Residential - Louis Belisario
Listing Contact: (347) 702-3316
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/17/2026 at 10:55 AM UTC