PENDING
$100K PRICE DROP
66-42 Forest Ave Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $9,274/month
Total Views
4,894
4
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Property is near public transit
- 3-minute walk to Forest Avenue
- 3-minute walk to Rosemary's Playground
- Park
About This Home
Charming Mixed-Use Property in the Heart of Ridgewood, Queens Discover an exceptional investment opportunity in vibrant Ridgewood, Queens! This well-maintained mixed-use property offers the perfect blend of commercial and residential space, situated in a thriving neighborhood just moments from local amenities and public transportation. Property Highlights: ? Commercial Space: Approximately 2,000 square feet, currently functioning as a medical office. The storefront boasts a welcoming entrance, making it an ideal space for various businesses. The large layout allows for multiple treatment rooms, reception areas, and potential customization to suit your needs. ? Residential Units: Two spacious apartments, each approximately 1,000 square feet. Each apartment features comfortable living spaces, providing an inviting atmosphere for tenants. The well-designed layouts include two bedrooms, a kitchen, and a living area, perfect for families. Both units are currently occupied by reliable tenants on flexible monthly leases, providing immediate rental income. ? Prime Location: Located on the bustling Forest Avenue, this property enjoys high pedestrian traffic and excellent visibility. Ridgewood is known for its eclectic mix of dining, shopping, and recreational options, with easy access to public transportation, making it a highly sought-after area for both businesses and residents. ? Investment Potential: This mixed-use property presents a rare opportunity for investors or owner-occupants looking to benefit from a steady income stream while having the option to operate their business on-site. With potential for lease renewals or adjustments, you can maximize your return on investment.
Listing Agent
Coldwell Banker Reliable R E Brokerage Email: aviivatorov@gmail.com License #10401367031 Listed on: 11/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,791
Year Built
- Built in 1930
Lot Details
- 1,958 Sq Ft Lot
- Lot Dimensions are 22.5x87
Home Design
- Duplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Schools
- Ps 71 Forest Elementary School
- Is 93 Ridgewood Middle School
- Grover Cleveland High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Oil
Additional Features
- 3-Story Property
- Property is near public transit
- Unfinished Basement
Listing and Financial Details
- Legal Lot and Block 39 / 3489
- Assessor Parcel Number 03489-0039
Community Details
Overview
- 2 Units
Recreation
- Park
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $12,791 | $105,698 | $8,235 | $97,463 |
| 2024 | $12,791 | $102,309 | $8,134 | $94,175 |
| 2023 | $11,849 | $94,779 | $9,043 | $85,736 |
| 2022 | $10,744 | $378,000 | $35,550 | $342,450 |
| 2021 | $9,975 | $342,990 | $35,550 | $307,440 |
| 2020 | $10,141 | $333,000 | $35,550 | $297,450 |
| 2019 | $9,848 | $277,560 | $35,550 | $242,010 |
| 2018 | $9,195 | $72,907 | $11,205 | $61,702 |
| 2016 | $8,064 | $62,550 | $11,205 | $51,345 |
| 2015 | $5,235 | $62,543 | $12,701 | $49,842 |
| 2014 | $5,235 | $60,538 | $14,405 | $46,133 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/09/2025 01/09/25 | Pending | -- | -- | -- |
| 11/11/2024 11/11/24 | For Sale | $1,599,000 | -- | -- |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,300,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $537,000 | Purchase Money Mortgage | |
| Closed | $520,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: L3590477
APN: 03489-0039
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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