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$1,150,000 Just Listed
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Property Description
Excellent investment opportunity in the heart of Ridgewood! This well maintained six family residential building offers strong income protentional with approximately $110.000 in gross annual income. The property is ideally located in a vibrant Queens neighborhood, close to the M train and major roads make this an attractive location for both resident and investors. A great opportunity in one of Queens established and desirable neighborhoods.
Full Property Details
Full Property Details for 16-78 Gates Ave
General
- Price: $1,150,000
- Taxes: $19,457
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1046065
- Updated: Today (9/2/2026)
- Added to Site: Today
Parking
- Parking Features: None
Location
- County: Queens
- Cross Streets: Cypress Ave
- Driving Directions: From Queens Blvd take Grand Ave east and continue to Gates Ave. The property located 1678 Gates Avenue in Ridgewood Queens
School Information
- High School District: Contact Agent
Heating & Cooling
- Cooling Type: Electric, Multi Units, Separate Meters
- Heating Type: Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Propane, Sewer Available, Sewer Connected, Trash Co
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished
- Building Size: 5610
- Square Feet: 5,610
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0629
- Lot Size (Sq. Ft.): 2,742
- Zoning: R6B
Financial Considerations
- Tax Amount: $19,457.24
Disclosures and Reports
- Special Conditions: None
- Property ID: 03448-0023
Listed by Dom Realty of NY Inc
Get Pre-Approved Today
Schools
Schools serving 16-78 Gates Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 81 Jean Paul Richter 559 Cypress Ave, Queens, NY 11385 | PK-5 | 0.2 mi |
Learners And Leaders 378 Seneca Ave, Queens, NY 11385 | PK-5 | 0.5 mi |
Joseph F Quinn Intermediate School 77 976 Seneca Ave, Queens, NY 11385 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16-78 Gates Ave
Date
Details
Price
Change
Source
9/02/2026
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 16-78 Gates Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,649
—
$157,196
—
2025
$19,649
3%
$157,192
-40%
2024
$19,032
8%
$260,100
84%
2023
$17,628
10%
$140,998
-65%
2022
$16,019
8%
$405,900
15%
2021
$14,833
-2%
$352,350
-9%
2020
$15,082
3%
$386,550
14%
2019
$14,606
14%
$339,660
213%
2017
$12,776
—
$108,460
8%
2017
$12,776
7%
$100,449
8%
2016
$11,991
—
$93,015
—
2015
$11,983
12%
$93,013
3%
2014
$10,682
3%
$90,079
8%
2013
$10,380
—
$83,431
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16-78 Gates Ave
1678 Gates Avenue, Ridgewood, NY 11385 (MLS# 1046065) is a Commercial property. 1678 Gates Avenue is currently listed for $1,150,000 and was received on September 02, 2026. Want to learn more about 1678 Gates Avenue? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

