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$1,469,000
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Property Description
Positioned on Gates Avenue in Ridgewood, this garage asset offers immediate income potential in one of Queens' most parking-constrained residential corridors. The property features 18 garage units on a 5,837 SF lot, benefiting from sustained local demand and low operating intensity. Zoned R5B with underutilized residential FAR, with approximately 3,625 buildable residential square feet. Backed by strong parking demand, this asset delivers both steady cash flow and future upside for strategic investors.
Full Property Details
Full Property Details for 64-20 Gates Ave
General
- Price: $1,469,000
- Taxes: $16,691
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 943387
- Updated: 12/30/2025
- Added to Site: 32 day(s) ago
Business
- Business Type: Other, Parking
Location
- County: Queens
- Cross Streets: Traffic Ave.
Heating & Cooling
- Cooling Type: None
- Heating Type: See Remarks
Utilities
- Sewer: Other
- Water: Other
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Building Size: 4255
- Square Feet: 4,255
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.3233
- Lot Size (Sq. Ft.): 14,085
- Zoning: R5B
Financial Considerations
- Tax Amount: $16,691.96
Disclosures and Reports
- Special Conditions: None
- Property ID: 03616-0015
Listed by EXP Realty
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Schools
Schools serving 64-20 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 | 0.5 mi |
Is 93 Ridgewood 66-56 Forest Ave, Queens, NY 11385 | 6-8 | 0.5 mi |
Grover Cleveland H.S. 21-27 Himrod St, Queens, NY 11385 | 9-12 | 0.7 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 64-20 Gates Ave
Date
Details
Price
Change
Source
12/15/2025
Listed
$1,469,000
—
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 64-20 Gates Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,025
8%
$167,490
-17%
2024
$16,692
7%
$202,050
38%
2023
$15,548
3%
$146,790
-2%
2022
$15,119
26%
$150,300
34%
2021
$11,983
-21%
$112,050
-26%
2020
$15,202
7%
$152,100
3%
2019
$14,168
17%
$148,050
—
2017
$12,109
—
$147,600
—
2017
$12,109
10%
$147,150
16%
2016
$11,046
6%
$126,450
23%
2015
$10,431
12%
$103,050
1%
2014
$9,307
6%
$101,700
4%
2013
$8,744
—
$97,528
—
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 64-20 Gates Ave
6420 Gates Avenue, Ridgewood, NY 11385 (MLS# 943387) is a Commercial property. 6420 Gates Avenue is currently listed for $1,469,000 and was received on December 15, 2025. Want to learn more about 6420 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.

