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Rare Vacant Lot in Prime Ridgewood – Build Your Multi-Family Vision! Stop searching for your next project and start developing. 18-22 Dekalb Avenue presents a rare opportunity to acquire one of the few remaining vacant parcels in the heart of Ridgewood, Queens. Say goodbye to the delays, permits, and costs of demolition and high carrying costs—this shovel-ready site is a clean slate waiting for your architectural vision. Rarely does a vacant lot appear in a neighborhood this iconic. 18-22 Dekalb Ave allows you to skip the red tape of demolition and jump straight into the building phase in NYC’s most sought-after zip code. Build where everyone wants to live. Zoned R5B with a 1. 5 Residential FAR, this regular 25' x 100' lot allows for a substantial 3, 756 sq. ft. buildable area. Whether you are looking to develop a luxury three-unit multi-family home or a custom owner-occupied residence with high rental income, the potential here is unmatched. Lot Size: 2, 504 sq. ft. (25' x 100. 17') Max Buildable: 3, 756 sq. ft. Zoning: R5B (Ideal for 3-family residential) Current State: Vacant/Garage (No residential demo required) Taxes: Low annual taxes (~$1, 962) Ridgewood The Epicenter of NYC Culture Voted "Hottest Neighborhood" & "World's Coolest": Ridgewood isn’t just trending—it’s established. Recently ranked as the #1 Neighborhood to Watch by StreetEasy (2024 & 2025) and famously named the 4th Coolest Neighborhood in the World by Time Out, this area has become the definitive choice for those seeking the perfect balance of grit, grace, and growth. Culture & Nightlife: Step out of your future building and into the heartbeat of NYC’s creative scene. You are minutes away from legendary venues like Nowadays and the Knockdown Center, alongside an array of avant-garde galleries and "hidden gem" bars like Aunt Ginny's and Holo. World-Class Dining: From the Michelin-recognized wood-fired flavors of Rolo’s to the authentic heritage of Rudy’s Pastry Shop and the trendy tacos at Hellbender, the culinary diversity here is unmatched. Ridgewood offers a sophisticated food scene that rivals Manhattan, while maintaining the tight-knit community feel that makes Queens the best borough in the city. Subway: A commuter’s dream. You are perfectly positioned between the M Train (Seneca Ave) and the Myrtle-Wyckoff Avs Hub (L & M Trains). Reach Union Square in ~20 minutes or Midtown Manhattan in under 30 minutes. Bus: Immediate access to the Q55, Q58, and B13 lines, connecting you effortlessly across Queens and Brooklyn. Driving: Easy access to the Jackie Robinson Parkway and the BQE, making trips to JFK or LaGuardia a breeze.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,376 | $5,833 | $8,036 |
| Total Monthly Payment | $5,501 | $5,958 | $8,161 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.