71-01 Cooper Ave #3FAM, New York City, NY 11385

Description

7101 Cooper Avenue, Ridgewood, NY 11385
Fully Occupied 3-Family | Built 2005 | 3,507 Sq Ft | Package Deal Opportunity

Exceptional opportunity to acquire a fully occupied, income-producing 3-family property in the heart of Ridgewood.

Constructed in 2005, this modern 20 x 54 building offers approximately 3,250 square feet of livable space, featuring well-proportioned boxed rooms throughout for maximum layout efficiency and rental appeal.

Each unit includes:

Renovated kitchens

Updated bathrooms

High-efficiency lighting

Clean, modern finishes

Tenants are responsible for their own gas, electric, and heat, keeping operating expenses streamlined. The owner covers only property taxes, water, and insurance — creating a predictable and investor-friendly expense structure.

The second and third-floor units each feature private balconies, while the first-floor unit enjoys direct access to the backyard — a strong tenant retention feature.

Additional Value-Add Potential

The property also offers:

Opportunity to create a recreational space in the basement

Potential to duplex the first floor with the basement (subject to approvals)

This provides flexibility for increased rental income or an enhanced owner-user configuration.

Rare Package Deal Opportunity

This property is being offered together with the adjacent building, creating a rare assemblage opportunity that includes:

Four total parking spaces

Two-car garage

Additional outdoor parking

Backyard space

Income-producing properties with dedicated parking in Ridgewood are increasingly scarce — making this a standout portfolio acquisition.

Ideal For:

• Investors seeking stable cash flow
• 1031 exchange buyers
• Portfolio expansion
• End-users looking to offset mortgage with rental income

Located in prime Ridgewood near transportation, shopping, restaurants, and neighborhood amenities.

A rare opportunity to secure a well-built (2005) income-producing asset with expansion potential in one of Queens’ strongest rental markets.