.INVESTOR OWNED, CASH DEAL PREFERRED. PROPERTY IS CONVEYED WITH CURRENT TENANTS. 1 BEDROOM IS VACANT. Welcome to one of the hottest neighborhoods in NYC — Ridgewood, Queens! Invest in this now-prominent and rapidly growing community with a versatile, income-producing property. The first floor features a spacious one-bedroom unit and a nicely sized two-bedroom apartment. The second level offers a rarely available four-bedroom unit, ideal for strong rental demand. The property also includes a fully finished basement of approximately 1,250 square feet, providing valuable additional space. Current tenants are on month-to-month leases, offering flexibility for an investor or end user. Potential monthly rent roll exceeds $9,700, making this an exceptional opportunity in one of Queens’ most desirable areas. Sold as is - Cash deal only.
Listed by Jason Kerwar
·
William Raveis Real Estate
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914-245-0460
Listed by Diane M. Madden
·
William Raveis Real Estate
Last updated March 08, 2026
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Source: OneKey #957576
Listing Facts
TypeMulti-family
NeighborhoodRidgewood
Bedrooms9
Bathrooms4
Days on Prevu57
Taxes$7,081/year
Location
Mortgage Calculator
Listing History
02/06/2026
Listed by William Raveis Real Estate
$1,090,000
Estimated Closing Costs
Total
$42,091
Attorney Fees
$4,000
NYC Mansion Tax
$10,900
Title Insurance
$4,905
Bank Attorney
$1,500
Mortgage Recording Tax
$16,786
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,090,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1623 Norman Street
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Year Built: 1930
Construction Materials: Advanced Framing Technique
Measurements
Building Area Total: 2,518
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Square Feet: 2,500
Financial
Taxes
Parcel Number: 03553-0096
Tax Annual Amount: $7,081.00
Tax Assessed Value: $100,740.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 9
Parking
Parking
Parking Features: On Street
Schools
Elementary School
Elementary School: Ps 68 Cambridge
Elementary School District: Queens 24
High School
High School: Grover Cleveland High School
High School District: Queens24
Middle or Junior School
Middle Or Junior School: Joseph F Quinn Intermediate School 77
Middle Or Junior School District: Queens24
Utilities
Equipment
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 9 bedrooms and 4 bathrooms in this multi-family home at 1623 Norman Street.
What schools are nearby to 1623 Norman Street?
Nearby schools include the Ps 68 Cambridge Elementary School, Joseph F Quinn Intermediate School 77 Middle School, and Grover Cleveland High School.
What are the annual taxes for 1623 Norman Street?
Annual taxes for this multi-family home are estimated at $7,081.
How does 1623 Norman Street compare to other multi-family homes in Ridgewood?
This multi-family home is listed 28% below the average price for multi-family homes in Ridgewood and has been on the market for 49 less days than the typical home in this area.
1623 Norman Street is a 9-bedroom, 4-bath multi-family home for sale in Ridgewood NY 11385. On Prevu for 57 days at $1,090,000. This residence is located in Ridgewood. The median listing price for multi-family homes in this area is $1,395,000. Nearby schools include Ps 68 Cambridge Elementary School, Joseph F Quinn Intermediate School 77 Middle School, and Grover Cleveland High School. Browse more multi-family home listings in Queens.
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