552 Grandview Ave Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $12,501/month
Highlights
- Property is near public transit and bus stop
- Eat-In Kitchen
- Entrance Foyer
- Wood Flooring
- Living Room
- 4-minute walk to Grover Cleveland Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,693
Year Built
- Built in 1930
Home Design
- Frame Construction
- Wood Siding
Interior Spaces
- 2-Story Property
- Entrance Foyer
- Living Room
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Eat-In Kitchen
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
Additional Features
- 2,375 Sq Ft Lot
- Property is near public transit and bus stop
Community Details
- Ridgewood Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $33,184 | $320,040 | $52,200 | $267,840 |
| 2025 | $31,706 | $308,340 | $52,200 | $256,140 |
| 2024 | $31,706 | $299,340 | $52,200 | $247,140 |
| 2023 | $30,410 | $287,100 | $52,200 | $234,900 |
| 2022 | $14,161 | $290,700 | $52,200 | $238,500 |
| 2021 | $25,515 | $297,000 | $52,200 | $244,800 |
| 2020 | $22,210 | $295,650 | $52,200 | $243,450 |
| 2019 | $19,077 | $261,000 | $52,200 | $208,800 |
| 2018 | $16,304 | $155,070 | $52,200 | $102,870 |
| 2017 | $15,326 | $145,763 | $52,200 | $93,563 |
| 2016 | $14,433 | $145,763 | $52,200 | $93,563 |
| 2015 | $8,754 | $131,362 | $52,200 | $79,162 |
| 2014 | $8,754 | $127,043 | $52,200 | $74,843 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | For Sale | $2,200,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,815,000 | -- | |
| Deed | $1,100,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $770,000 | Commercial |
Source: NY State MLS
MLS Number: 11694223
APN: 03383-0041
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