40 MARCH 29, 2018 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Six-family Ridgewood building sells for $2.2 million
BY RYAN KELLEY
RKELLEY@RIDGEWOODTIMES.COM
TWITTER @R_KELLEY6
A six-family home in the Ridgewood
North Historic District
recently sold for a huge
price tag, and its value will soon be
increasing.
The building, located at 2035
Gates Ave., was traded for $2,275,000
according to Daniel Barcelowsky of
Evergreen Realty & Investments. The
apartments inside were all vacant at
the time of the sale, and the building
is slated for a gut renovation, Barcelowsky
said.
The fact that the building was vacant
was an important factor in driving
the price tag up. Barcelowsky said
that similar buildings have been sold
for as little as $1.5 million when they
have tenants because they are subject
to rent stabilization.
The six-family building on Gates Avenue in the Ridgewood North Historic District.
A vacant building has more value
because the new owner can renovate
it freely, and once renovated the
building can be worth more than $3.5
Photo courtesy of Evergreen Realty & Investments
million, Barcelowsky said.
The exterior will remain untouched,
however, because of the building’s
historic status. It’s estimated to have
been built in the 1930s, Barcelowsky
said, and the Landmark Law protects
it from architectural or structural
renovations.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD
Willoughby Avenue 61st Street 66th Street 77th Place
Under $600,000
2116 Greene Ave.
$495,000
Condo
2 bedrooms, 1 bathroom
Sameer Rastogi
Charles Rutenberg Realty Inc.
$600,000-$1,000,000
1883 Willoughby Ave.
$968,000
2-family duplex
2 bedrooms, 1 bathroom
Marek Sobolewski
Trademark Realty, Inc.
Over $1,000,000
60-10 Putnam Ave.
$1,200,000
2-family townhouse
5 bedrooms, 2 ½ bathrooms
Stefan Lazar
Winzone Realty
GLENDALE
Under $600,000
77-21 62nd St.
$589,000
1-family Colonial
3 bedrooms, 2 bathrooms
David Kueber
Coldwell Banker Kueber Realty
$600,000-$1,000,000
89-41 Doran Ave.
1-family Tudor
$789,000
3 bedrooms, 1 ½ bathrooms
Ai Ling Lim
Keller Williams Realty Gold Coast
Over $1,000,000
75-50 61st St.
$1,800,000
2-family townhouse
5 bedrooms, 4 bathrooms
Qi Miao Paul Zhou
Keller Williams Landmark II
MASPETH
Under $600,000
68-12 60th Rd.
$505,000
1-family Colonial
2 bedrooms, 2 bathrooms
Abhishek Rana
Realty Connect USA LLC
$600,000-$1,000,000
53-88 66th St.
$789,000
1-family Colonial
3 bedrooms, 1 bathroom
Aaron Ram
City Square Realty
Over $1,000,000
71-27 58th Rd.
$1,498,888
2-family two-story
5 bedrooms, 3 bathrooms
Laura Hirschman
Compass Greater NY LLC
MIDDLE VILLAGE
Under $600,000
67-60 73rd Pl.
$495,000
1-family ranch
2 bedrooms, 1 bathroom
John Amore
Exit Kingdom Realty
$600,000-$1,000,000
66-19 77th Pl.
$949,000
1-family Colonial
4 bedrooms, 1 ½ bathrooms
Lisa Grassia
Exit Kingdom Realty
Over $1,000,000
63-64 75th St.
$1,439,000
2-family Colonial
6 bedrooms, 3 bathrooms
Florin Spariosu
Sparrow Realtors LLC
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