About This Home

This 6-bedroom, 3-bathroom residential multi family at 407 Fairview Ave., Ridgewood, NY in Queens, NY is listed for $500,000 ($287 per sqft). Built in 1920, the home offers 1,742 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1920
  • 0.04 acre lot
  • 2 stories

Property Details

2 stories
3 full
1920
Listing Description

407 Fairview Avenue is a two-family residential property located in the Ridgewood section of Queens, NY. Built in 1920, the property consists of approximately 1,568 square feet of living area, with 6 bedrooms and 3 bathrooms across two residential units.

The building sits on a 16.5' x 95' lot totaling approximately 1,568 square feet and is improved with a two-story frame structure. The property is zoned R6B and classified as a B2 two-family dwelling, making it suitable for continued owner-occupancy, rental use, or long-term investment ownership.

Public records indicate the property is currently owner-occupied and occupied, with no reported HOA/COA, no involuntary liens, and no current distress or short-sale status. The asset benefits from significant estimated equity, with an indicated value of approximately $999,000 and estimated mortgage debt of approximately $314,811.

The property has been held for nearly 20 years, suggesting stable ownership and potential long-term appreciation. Based on available data, the home appears to be in average overall condition, with an average interior, good kitchen condition, and average bathroom condition.

Located in Ridgewood, a well-established Queens neighborhood known for its residential character, access to Brooklyn and Manhattan, and continued demand for two-family housing, 407 Fairview Avenue presents a solid equity-rich residential asset with potential appeal to end-users, small investors, or buyers seeking a two-family property in a supply-constrained market.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

407 Fairview Ave., Ridgewood, NY

Queens, NY 11385

Ridgewood

Property Details

Heating

Natural Gas

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 407 Fairview Ave., Ridgewood, NY is listed at $500,000 ($287/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.04 acre lot, 2 stories.

This property is listed by Stanley Wilson.

SW

Stanley Wilson

Agent at WILSON STANLEY E

Listed by WILSON STANLEY E · Broker phone: 917-450-8087 · View on Broker Site

MLS# 11871315· Source: My State MLS· 119 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

407 Fairview Ave., Ridgewood, NY, Queens, NY 11385

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