2042 Gates Avenue, Ridgewood, NY 11385 - Photo 1

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$980,000

For Sale
Active
Commercial
Updated 3 days ago

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Property Description

Solid 6-Family in Prime Ridgewood, NY - Outstanding Investment Opportunity! Well-maintained 6-family property located in the heart of Ridgewood, just minutes from the M & L subway lines. The building generates a gross annual income of $101,000 and features one vacant unit, offering immediate upside potential. The property is in very good condition, features natural gas heating, and is conveniently located near shopping areas, supermarkets, and all neighborhood amenities-

Full Property Details

Full Property Details for 20-42 Gates Ave

General

Price: $980,000
Taxes: $19,649
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 912035
Updated: 1/14/2026
Added to Site: 120 day(s) ago

Location

County: Queens

Heating & Cooling

Cooling Type: Wall/Window Unit(s)
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Other
Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Unfinished
Building Size: 5600
Square Feet: 5,600
Year Built: 1930

Lot Features

Lot Size (Acres): 0.0629
Lot Size (Sq. Ft.): 2,742
Zoning: R6B

Financial Considerations

Tax Amount: $19,649

Disclosures and Reports

Special Conditions: None
Property ID: 03486-0016

Listed by Keller Williams Landmark II

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— 20-42 Gates Ave —

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347-846-1200

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Schools

Schools serving 20-42 Gates Ave

School District:New York City Geographic School District 24

Name	Grades	Distance
Ps 71 Forest 62-85 Forest Ave, Queens, NY 11385	PK-6	0.3 mi
Is 93 Ridgewood 66-56 Forest Ave, Queens, NY 11385	6-8	0.1 mi
Grover Cleveland H.S. 21-27 Himrod St, Queens, NY 11385	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20-42 Gates Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/19/2025

Price Reduced

$980,000

-10.91%

MLS

9/19/2025

Listed

$1,100,000

43.79%

MLS

12/19/2012

Sold

$765,000

—

Public Record

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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 20-42 Gates Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$19,649

3%

$157,192

-67%

2024

$19,032

8%

$469,800

233%

2023

$17,628

10%

$140,998

-65%

2022

$16,019

8%

$405,000

15%

2021

$14,833

-2%

$351,900

-9%

2020

$15,082

3%

$386,100

14%

2019

$14,606

14%

$338,580

212%

2017

$12,776

—

$108,460

8%

2017

$12,776

7%

$100,449

8%

2016

$11,991

—

$93,015

—

2015

$11,983

10%

$93,013

3%

2014

$10,894

5%

$90,079

8%

2013

$10,380

—

$83,431

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Estimate the Cost for 20-42 Gates Ave

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2042 Gates Avenue, Ridgewood, NY 11385 (MLS# 912035) is a Commercial property. 2042 Gates Avenue is currently listed for $980,000 and was received on September 19, 2025. Want to learn more about 2042 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.

20-42 Gates Ave Ridgewood, NY 11385