Exceptional Trophy Building in Ridgewood’s Historic District Located in the heart of Ridgewood’s Historic District, this distinguished brick building offers a rare opportunity to own a true legacy asset in one of Queens’ most sought-after landmark neighborhoods. Demand in the Historic District continues to grow, reinforcing both prestige and long-term value. Ideally positioned, the property sits two short blocks from the Forest Ave M train stop, providing convenient access to Manhattan and surrounding areas. The neighborhood is rich with local cafes, restaurants, parks, and community amenities. Spanning nearly 3,000 square feet of interior space (excluding the basement), the building is configured across three stories plus a finished basement. The first, second and third floors each feature expansive floor-through three-bedroom units, one bath, kitchen and living room. The basement is finished, it offers significant potential for recreational space, two more bedrooms or for storage. Whether for an end user seeking a signature property or an investor targeting long-term appreciation, this is a rare chance to secure a cornerstone building in Ridgewood’s Historic District—an asset positioned to grow in both value and demand. Potential monthly rent roll exceeds $12,000 PROPERTY IS CONVEYED WITH ONE CURRENT TENANT.
Listed by Irina Z. Morales
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HomeSmart Premier Living Rlty
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631-762-3611
Last updated March 06, 2026
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Source: OneKey #965779
Listing Facts
TypeMulti-family
NeighborhoodRidgewood
Bedrooms9
Bathrooms3
Days on Prevu36
Taxes$2,028.88/year
Location
Mortgage Calculator
Listing History
02/27/2026
Listed by HomeSmart Premier Living Rlty
$1,699,000
Estimated Closing Costs
Total
$60,300
Attorney Fees
$4,000
NYC Mansion Tax
$16,990
Title Insurance
$7,646
Bank Attorney
$1,500
Mortgage Recording Tax
$26,164
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,699,000 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 686 Fairview Avenue
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Property Condition: Actual, Estimated
Year Built: 1930
Construction Materials: Brick
Measurements
Building Area Total: 2,880
Building Area Units: Square Feet
Lot Size Acres: 0.02
Lot Size Dimensions: 2,835
Lot Size Square Feet: 971
Financial
Taxes
Parcel Number: 03478-0044
Tax Annual Amount: $2,028.88
Tax Assessed Value: $86,460.00
Tax Year: 2025
Interior
Features
Flooring: Hardwood
Interior Features: Recessed Lighting
Rooms
Basement: Bilco Door(s), Finished
Has Basement: Yes
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 9
Other
Location
Tax Block: 3478
Tax Lot: 0044
Utilities
Equipment
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 9 bedrooms and 3 bathrooms in this multi-family home at 686 Fairview Avenue.
What are the annual taxes for 686 Fairview Avenue?
Annual taxes for this multi-family home are estimated at $2,028.
How does 686 Fairview Avenue compare to other multi-family homes in Ridgewood?
This multi-family home is listed 12% above the average price for multi-family homes in Ridgewood and has been on the market for 70 less days than the typical home in this area.
686 Fairview Avenue is a 9-bedroom, 3-bath multi-family home for sale in Ridgewood NY 11385. Listed on Prevu for 36 days at $1,699,000. This home is located in Ridgewood. The median listing price for multi-family homes in this area is $1,395,000. View other multi-family home listings in Queens.
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