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$2,300,000
Est. payment /mo
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 989082
Rental Info No
Year Built 1931
Annual Tax Amount $32,000
Property Sub-Type Mixed Use
Source onekey2
Property Description
62-42 Forest Avenue, Ridgewood is an excellent mixed-use investment or owner-user opportunity located at the busy intersection of Forest Avenue and Metropolitan Avenue in Ridgewood, Queens. This property offers approximately 6,300 square feet of total space and benefits from strong foot traffic and convenient access to public transportation.
The first floor features two commercial units:
A vacant space of over 3,000 square feet, ideal for a wide range of uses such as retail store, supermarket, restaurant, or other commercial ventures.
A second unit of approximately 850 square feet, currently occupied by pharmacy.
The second floor consists of two residential units, both fully occupied:
One 3-bedroom, 1.5-bath apartment
One 1-bedroom, 1-bath apartment
INVESTMENT HIGHLIGHTS
* Prime corner location with high visibility
* Strong foot traffic and active retail corridor
* Value-add opportunity with large vacant commercial space
* Ideal for investor or owner-user
* Stable residential income
* Convenient access to public transportation
This property presents strong income potential with a mix of stable residential tenants and commercial upside through the large vacant retail space. Its prime corner location and high visibility make it attractive for both investors and owner-users seeking long-term growth and value.
The first floor features two commercial units:
A vacant space of over 3,000 square feet, ideal for a wide range of uses such as retail store, supermarket, restaurant, or other commercial ventures.
A second unit of approximately 850 square feet, currently occupied by pharmacy.
The second floor consists of two residential units, both fully occupied:
One 3-bedroom, 1.5-bath apartment
One 1-bedroom, 1-bath apartment
INVESTMENT HIGHLIGHTS
* Prime corner location with high visibility
* Strong foot traffic and active retail corridor
* Value-add opportunity with large vacant commercial space
* Ideal for investor or owner-user
* Stable residential income
* Convenient access to public transportation
This property presents strong income potential with a mix of stable residential tenants and commercial upside through the large vacant retail space. Its prime corner location and high visibility make it attractive for both investors and owner-users seeking long-term growth and value.
Location
State NY
County Queens
Rooms
Basement Partial, Unfinished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
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Listed by Trademarko Realty Inc • Marek Sobolewski
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716