63-40 Fresh Pond Road, Ridgewood, NY, 11385 | $2,150,000

Own a piece of history. This six unit property with front courtyard and backyard is located in a Historic District on Fresh Pond Road on a sunny tree lined street. A limited number of blocks within Ridgewood have been given this distinguished Historic District status. Building is rent stabilized and well maintained. There are two brand new 10 year 75 gallon AO Smith hot water tanks and there is also a brand new Peerless steam boiler plus the building chimney was completely relined from the basement to the roof. Everything is new and under warranty protection for piece of mind. The meter room has 6 residential electric meters plus the PLP meter. There are also 6 residential gas meters plus the PLP meter. Everything is neat and clean and LL152 for the gas piping was recently performed. The basement is large and has storage areas built throughout. There is a steel flap gate from the front courtyard with stairs to the basement as well as another steel flap with stairs from the backyard. The boiler room is clean and up to code with a fusable damper and CO2 combi detectors. There are 3 hallways, each with a left side and a right side apartment. Each apartment is roomy and has a big kitchen, dining room and living room and 3 bedrooms. There is an additional staircase to get to the roof which is in very good condition. For this sale, we are leaving the left side 2nd floor apartment empty for a future owner to live in or rent at a future date. The building has exterminator service as needed and there is a live in super who handles the garbage and recycling and cleaning the common areas.

Features

  • Rooms: 30
  • Bedrooms: 18
  • Baths: 6 full
  • Year Built: 1930
  • Heating: Other, See Remarks
  • Cooling: None
  • Basement: See Remarks
  • Approx Sq. Feet: 5,833
  • Est. Taxes: $11,592
  • Lot Desc: Historic District
  • Elem. School: Contact Agent
  • Middle School: Contact Agent
  • High School: Contact Agent
  • Pet Policy: Call
  • MLS#: H6317790
  • Days on Market: 157 days
  • Website: https://www.raveis.com
    /eprop/H6317790/6340freshpondroad_ridgewood_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of R New York   Phone: 212-688-1000

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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63-40 Fresh Pond Road, Ridgewood, NY, 11385

$2,150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,720,000 $1,720,000 $1,720,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment $966 $966 $966
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,037 $10,872 $14,514
Total Monthly Payment $11,128 $11,963 $15,605

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.