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STRONG CASH FLOW & DIVERSE INCOME STREAM- This Brick Building Offers ONE COMMERCIAL Store Front & FIVE FREE MARKET RESIDENTIAL APARTMENTS. Ridgewood Is Recognized For It's RAPID GROWTH And Various New Construction And Condo Conversions So Don't Miss This Armchair Investment Opportunity In A Market Where MIXED- USE PROPERTIES Rarely Become Available. With All Rents Currently Below Market Value There Is Substantial Value-Add Opportunity & Significant Upside Potential For Future Appreciation. By Improving Leasing And Raising The Rents To Current Market Rate There Is A Chance For A Cap Rate Over 10%.
| DAYS ON MARKET | 6 | LAST UPDATED | 3/29/2025 |
|---|---|---|---|
| YEAR BUILT | 1930 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| Elementary School | Ps 239 |
|---|---|
| Jr. High School | Is 77 |
| High School | Grover Cleveland High School |
| ADDITIONAL DETAILS | |
| AIR | Multi Units |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 1999 sq ft |
| SEWER | Public Sewer |
| TAXES | 20525.56 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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