61-25 Menahan Street, New York City, NY 11385
Listing Courtesy of Crifasi Realty Associates Inc
$888,888
Potential Rebate: $13,333
Overview
This 2 Family property is one of the lowest priced properties available in Ridgewoodperfect for contractors or homeowners ready to create their dream space. Requiring a total gut renovation and offers incredible potential. Homeowners can fully customize their future home, while developers have the option to expand the existing structure by approximately 2,000 sq. ft. or build a brand-new 3,300 sq. ft. 1- to 4-family residence. Located in a prime Ridgewood location near the Fresh Pond Rd. M train station, local buses, shopping, and more. Zoned R5B, the current building measures 22' x 30'. Special bank financing may be available to qualified buyers with as little as 3% down, covering both the purchase and renovation. Dont miss this unique opportunity. Please note, this home is being sold in AS IS condition and is accepting cash offers. All prospective buyers are strongly encouraged to perform their own due diligence and consult with an architect and/or attorney to verify current and potential uses.<br><br><br><br><br><br>
Estimated Monthly Payment
$4,392 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$13,333
Monthly savings impact
$37/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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1619 George Street, New York City, NY 11385
Listing Courtesy of Crifasi Realty Associates Inc
Why Buy With Us
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Crifasi Realty Associates Inc
Data Source: TRESTLE #RLS20023860
Price Analysis
Compare average listing prices and value metrics for 61-25 Menahan Street against the surrounding Ridgewood market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
39.38% Lower
than the Ridgewood price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Ridgewood
Overview of Ridgewood
Ridgewood is the cooler, quieter cousin of Bushwick. It has been designated a historic district for its miles of yellow brick row houses. For buyers seeking Ridgewood Queens real estate, it offers hip cafes, breweries, and stunning architecture.
Living in Ridgewood is trendy but grounded. It feels like Brooklyn but is firmly in Queens. As a Queens NYC neighborhood, it is architecturally distinct.
Real Estate & Housing Market
The market for homes for sale in Ridgewood is hot. The "Mathews Flats" (yellow brick 6-family buildings) are iconic.
Prices have risen significantly as young professionals move in.
Lifestyle & Community
The lifestyle in Ridgewood is vibrant. It has a burgeoning art and coffee scene.
The community is a mix of Polish/Slavic roots and young creatives.
Transportation & Accessibility
Ridgewood is served by the M and L trains. It is very accessible to Union Square.
Parks, Schools & Amenities
Grover Cleveland Park offers skyline views.
Amenities: A huge number of vintage shops and bars.
Who This Neighborhood Is Best For
Ridgewood is best for creatives, young professionals, and lovers of historic architecture.
