62-42 Forest Ave Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $14,861/month
About This Home
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.
Listing Agent
Trademarko Realty Inc Brokerage Phone: 718-502-5141 License #10311207231 Listed on: 04/22/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,000
Year Built
- Built in 1931
Parking
- On-Street Parking
Home Design
- Quadruplex
- Frame Construction
Utilities
- No Cooling
- Heating System Uses Natural Gas
Additional Features
- Partial Basement
- 7,100 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Legal Lot and Block 40 / 3367
- Assessor Parcel Number 03367-0040
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | For Sale | $2,300,000 | -- | $365 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Fidelity National Title Ins |
Source: OneKey® MLS
MLS Number: 989273
APN: 03367-0040
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Based on information submitted to the MLS GRID
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