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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.

Features
Heating System:
Natural Gas
Cooling System:
Central Air
Basement:
Finished
Appliances:
Dishwasher, Refrigerator, Microwave, Dryer, Washer
Interior Features:
First Floor Bedroom
Parking Features:
No
Sewer:
Public Sewer
Utilities:
Natural Gas Available, Sewer Available, Water Available, Electricity Available, Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Architectural Style:
Colonial
Development Status:
Stucco
Elementary School:
Ps 68 Cambridge
High School:
Grover Cleveland High School
Agent MlsId:
99209
Office MlsId:
KLRW01
MiddleOrJunior School:
Joseph F Quinn Intermediate School 77
Special Listing Conditions:
No
Tax Annual Amount:
$9,686
Water Source:
Public
PhotosCount:
29

Residential For Sale

72-55 60th Lane, New York, NY

16 Bedrooms
4 Bathrooms
3,484 Sqft
$2,499,000
Listing ID #934377
Basic Details
Property Type :
Residential
Property SubType :
Single Family Residence
Listing ID :
934377
Price :
$2,499,000
Rooms :
28
Bedrooms :
16
Bathrooms :
4
Half Bathrooms :
4
Bathrooms Total :
8
Square Footage :
3,484 Sqft
Building Area :
3,484 Sqft
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
Keller Williams Landmark II
Listing Agent :
Talaat A. Elkaray
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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