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$2,200,000
Est. payment /mo
2,374 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 985759
Rental Info No
Year Built 1930
Annual Tax Amount $33,448
Lot Size 2,374 Sqft
Acres 0.0545
Property Sub-Type Mixed Use
Source onekey2
Property Description
This Mixed-use investment opportunity is located in the heart of Ridgewood. This well-maintained property features a spacious ground-floor commercial unit currently operating as a neighborhood bar, complete with a large main area, pool table section, and a separate rear room with stage—ideal for live music, private events, and gatherings. The commercial rent is $6,523 per month and increases 3% on each April 1. The lease ends on 3/31/2031. Under that lease, that tenant pays 77% of property taxes, 61% of the water charges and its heat expenses.
Above the commercial space on the 2nd floor are two residential apartments providing strong rental income. Apt. 2A features an eat-in kitchen, living room, 2 bedrooms and full bath, currently rented for $2,400/month with lease expiring 8/31. Apt. 2B Will be Vacant on Title and consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, market rent is $3,800 per month. Both tenants pay their own heat, minimizing owner expenses.
Also featuring a full basement, & gas heat.
Located in the vibrant Ridgewood section of Queens, known for its blend of residential charm and thriving local businesses, this property offers excellent foot traffic and long-term upside. Convenient access to shopping, dining, and public transportation makes this an attractive option for both commercial and residential tenants.
Ideal for investors or owner-users seeking a solid income-producing property in a prime and growing neighborhood.
Above the commercial space on the 2nd floor are two residential apartments providing strong rental income. Apt. 2A features an eat-in kitchen, living room, 2 bedrooms and full bath, currently rented for $2,400/month with lease expiring 8/31. Apt. 2B Will be Vacant on Title and consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, market rent is $3,800 per month. Both tenants pay their own heat, minimizing owner expenses.
Also featuring a full basement, & gas heat.
Located in the vibrant Ridgewood section of Queens, known for its blend of residential charm and thriving local businesses, this property offers excellent foot traffic and long-term upside. Convenient access to shopping, dining, and public transportation makes this an attractive option for both commercial and residential tenants.
Ideal for investors or owner-users seeking a solid income-producing property in a prime and growing neighborhood.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Others
Special Listing Condition None
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Listed by Crifasi Real Estate Inc • Joseph V. Crifasi
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716