552 Grandview Avenue,Ridgewood, NY 11385
Ridgewood, NY 11385
Description
This Mixed-use investment opportunity is located in the heart of Ridgewood with a cap rat of 7.49%. 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 stageideal 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 consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, currently rented for 3,000/month. This tenant is on a month-to-month lease. Market rent for this unit 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.
Details
| MLS # | 985759 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 126 |
| Listing Provided By | Crifasi Real Estate Inc | Joseph V. Crifasi |
Features
| SQ Feet | 3,875 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | R6B |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Wood Siding |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 340650 |
| Tax Annual Amount | 33448 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $2,175,000 low | high Med: $1,100,000 sqft: 3,875 low | high Med: 6,462 $ / sqft: $561 low | high Med: $170 On site: 126 low | high Med: 126 | |
Market Activity 11385
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Listing VS Median (in 11385) | |
Price: $2,175,000 low | high Med: $1,100,000 sqft: 3,875 low | high Med: 6,462 $ / sqft: $561 low | high Med: $170 On site: 126 low | high Med: 126 | |
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