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Ridgewood NY, 11385 $2,650,000

Mixed Use Commercial  

Property Picture
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Details ML#: 3542862  

  • # of Families: 7
  • Business Type: Office, Other, Residential
  • Sale or Rent:Sale
  • Year Built: 1901
  • Taxes: $5,589
  • Status:Active

Description

Presenting an exceptional real estate opportunity in the heart of Ridgewood, NY! Situated at the corner of DeKalb Avenue and Onderdonk Ave, this corner brick mixed-use building offers a prime location and versatile spaces tailored for diverse needs. On the ground floor, discover a dynamic setting perfectly suited for community engagement. Hosting a Use Group 4 classification, this 1500 sqft space currently operates as a doctor’s office, generating $3, 500 per month with a lease extending 1.5 years. This office has its own central air conditioning system. Seize the chance to secure a strategic foothold in the thriving healthcare sector or foster community initiatives. Ascending to the second floor, two apartments await. These two-bedroom, two-bathroom residences offer tenants independence, each paying $2, 200 per month and responsible for their utilities, including heat, hot water, cooking gas, and electricity. With no leases in place, the potential for immediate occupancy or customization beckons, granting flexibility to investors or end-users alike. Further enhancing this offering is the adjoining property at 18-60 DeKalb Ave, comprising a two-story structure with three ground-level garages and a two-bedroom apartment above. Garnering additional rental income from the garages ($900 - each garage $300.00) and apartment ($2, 000), this complementary asset enriches the investment portfolio. Conveniently situated just four blocks from the Dekalb stop on the L-train and Wyckoff Hospital, accessibility and convenience are seamlessly integrated. Explore the vibrant Bushwick dining scene, immerse in eclectic nightlife, and relish the charm of Ridgewood proper. Whether you’re an astute investor seeking a lucrative opportunity or a visionary end-user eager to leave your mark, this property promises boundless potential. With a robust gross income of $129, 600 annually, don’t miss your chance to claim a stake in this thriving community. There is a large potential for rent growth as all residential units have no leases.

More Property Details

Property Features

Building Size: 25 x 65ft   Lot Size: 0.06   Lot Sq Ft: 2467   Parking Spaces: Yes   Parking Spaces: 3   Stories: 2  

Appliances & Utilities

Heat: Natural Gas  

Financial

Taxes: $5,589  

Local Area Information

Zoning: R6B   Block: 3400   Lot: 14  

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