Prime Ridgewood: Mixed-Use Building | Value-Add Investment Opportunity | All Units Free Market
This is a rare opportunity to acquire a prime mixed-use building located in the heart of Ridgewood, ideally positioned between two subway stations (L & M lines). This corner property presents substantial value-add potential, with all units being free market and one unit delivered vacant at closing.
The building offers significant upside in rental income with opportunities to improve the existing layout. The commercial tenant is currently on a month-to-month lease, providing flexibility to re-lease the space at a higher rate. The space is perfectly suited for a coffee shop or a restaurant, aligning with Ridgewood’s vibrant and growing dining scene.
With convenient access to Manhattan via the L & M subway lines, this property is highly desirable for residential tenants. The building’s location and characteristics make it an excellent investment for those seeking strong future returns.
Key Details:
Lot Dimensions: 20' × 100'
Zoning: R6B
Building Class: S5
Total Square Feet: 4,800 sq ft
Taxes: $20,526