2056 Gates Avenue, Ridgewood, NY 11385 - Photo 1

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$1,049,000 -$80,900 (-7.16%) Price Reduced

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Active
Commercial
Updated 4 days ago

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Property Description

Is Smart Money Investing In One Of The Strongest Rent Growth In The Country? Year After Year RIDGEWOOD Makes The List Of NYC TOP NEIGHBERHOOD And It Is Known For Its Historic Charm, Vibrant Streets & Increasing Popularity. Please Do Not Overlook 2056 Gates Ave Because This RENT STABILIZED 6 FAMILY BRICK PROPERTY Is In The Middle Of It All! Considering It Is Situated In A LANDMARKED Section Of RIDGEWOOD, Close To Public Transportation, Restaurants & Coffee Shops It Appears To Be Seriously UNDERAPPRECIATED. Current Yearly Gross Income Is Just Above $100,000 And Around $70,000 Net But The Upside Potential Is Substantial.

Full Property Details

Full Property Details for 20-56 Gates Ave

General

Price: $1,049,000
Taxes: $19,642
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 872452
Updated: 2/24/2026
Added to Site: 270 day(s) ago

Location

County: Queens
Cross Streets: Grandview Ave

School Information

High School District: Queens24
Elementary School: Ps 71 Forest
Middle School: Is 93 Ridgewood
High School: Grover Cleveland High School

Heating & Cooling

Cooling Type: Multi Units
Heating Type: Natural Gas

Utilities

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

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: See Remarks
Stories/Levels: 3
Stories in Building: 3
Building Size: 5600
Square Feet: 5,600
Year Built: 1930

Lot Features

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

Financial Considerations

Tax Amount: $19,642.8

Disclosures and Reports

Special Conditions: None
Property ID: 03486-0030

Listed by Exit All Seasons Realty

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— 20-56 Gates Ave —

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Schools

Schools serving 20-56 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 20-56 Gates Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/24/2026

Price Reduced

$1,049,000

-7.16%

MLS

6/19/2025

Price Reduced

$1,129,900

-5.76%

MLS

6/03/2025

Listed

$1,199,000

—

MLS

Get Price Alerts and Save Property

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 20-56 Gates Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$20,275

3%

$162,200

-67%

2024

$19,643

8%

$495,450

240%

2023

$18,192

10%

$145,510

-64%

2022

$16,533

8%

$405,000

15%

2021

$15,310

-2%

$351,900

-9%

2020

$15,562

3%

$386,100

14%

2019

$15,075

14%

$338,580

202%

2017

$13,187

—

$111,931

8%

2017

$13,187

7%

$103,677

8%

2016

$12,377

—

$96,003

—

2015

$12,365

22%

$95,976

3%

2014

$10,139

-5%

$92,969

8%

2013

$10,713

—

$86,101

—

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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2056 Gates Avenue, Ridgewood, NY 11385 (MLS# 872452) is a Commercial property. 2056 Gates Avenue is currently listed for $1,049,000 and was received on June 03, 2025. Want to learn more about 2056 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.

20-56 Gates Ave Ridgewood, NY 11385