Ridgewood, Queens has boomed in popularity in recent years, thanks in part to its location right on the border of Bushwick, Brooklyn. Accessible via the M and L trains, it’s a great option for those who work in Manhattan or Brooklyn, or enjoy having easy access to other boroughs. Of course, increased popularity has also driven up the neighborhood’s prices. But fear not, as there are still many great finds in Ridgewood for under $1 million — even 2-bedrooms! Our Deal of the Week is 63-34 Fresh Pond Rd. #5D, located in a 2015-constructed building and complete with in-unit laundry, a large private terrace, and a beautiful kitchen.
Get to know our Deal of the Week.
The Price: $790,000
The median asking price for a home in Ridgewood was $1.2 million this September, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced about $400K below the median asking price for the neighborhood!
Buyers who put down the 20% minimum down payment of $158,000 can expect to see monthly payments of $5,134. This includes a mortgage payment of $4,480, common charges of $601, and monthly taxes of $53.
Why You’ll Love It…
Being a 2-bedroom, this unit is fairly spacious, measuring in at 835 square feet. There’s an additional 468 square feet thanks to the private terrace, which spans the full length of the unit! With so much space, you’ll easily be able to fit a dining set, lounge furniture, planter boxes, a yoga mat…the potential is endless. The sliding glass doors that lead to the patio let tons of light into the living room, in addition to another window. All the windows in the apartment are oversized and face east, guaranteeing some great sunrises. Plus, the fact that it’s a top-floor apartment means even more light.
In the open living area, you’ll find the kitchen, which is tastefully modern and has everything you need to cook great meals, from the dishwasher to the gas stove to the ample counter space. Custom cabinetry provides lots of storage, while the breakfast bar/peninsula offers a place to both prep meals and enjoy them. To top it all off, a small closet in the kitchen houses the in-unit, stacked washer and dryer!
Down the hall are the two bedrooms, both of which have windows and closets. The larger bedroom has two closets and enough room for a king bed, while the smaller has enough space for a queen bed. You can access the bathroom via the larger bedroom or the hallway, and inside you’ll find a deep soaking tub, unique penny tile floors, a spacious medicine cabinet, and a floating vanity.
Located in a newer building constructed in 2015, this unit has access to a fitness room, bike storage, and a pet spa. If you’re a car owner, parking spaces are also available for a fee. The low monthly taxes will be in place until 2030 due to a tax abatement. Everything you need you can find on Fresh Pond Road, including eateries spanning every category: tacos, pizza, bubble tea, you name it. The M train and Q58, QM24, QM25, and QM34 buses all stop nearby.
…And Why You Might Not
While 800 square feet is larger than many New York City apartments, there probably isn’t enough room for a full dining set in the living room unless you get very creative. However, the breakfast bar does offer some seating, and you’ll have lots of room on the patio during the warmer months. Additionally, only one subway line is within walking distance, so if that’s a priority, this one might not work out.
With these factors in mind, if you’re looking for a spacious home in a charming Queens neighborhood, be sure to bookmark this one!
Check out the listing at 63-34 Fresh Pond Rd. #5D, listed by Kelly Waters of Compass.
Browse more NYC homes under $800K on StreetEasy
