$1,499,000
PENDING $100K PRICE DROP

Estimated payment $9,053/month

Total Views 4,902
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

Avi Ivatorov

Coldwell Banker Reliable R E Brokerage Email: aviivatorov@gmail.com License #10401367031 Listed on: 11/11/2024

Coldwell Banker Reliable R E

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,791

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Duplex
  • Levels: Three Or More
  • Year Built: 1930
  • Attribution Contact: aviivatorov@gmail.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Basement: Unfinished
  • Total Bedrooms: 4
  • Basement YN: No

Exterior Features

  • Construction Materials: Other
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Oil, See Remarks
  • Sewer: Public Sewer
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Is 93 Ridgewood

Lot Info

  • Lot Dimensions: 22.5x87
  • Lot Size Sq Ft: 1958
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 03489-0039
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 12791
  • Tax Block: 3489
  • Tax Lot: 39

MLS Schools

  • Elementary School: Ps 71 Forest
  • High School: Grover Cleveland High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Source: OneKey® MLS

MLS Number: L3590477

OneKey® MLS

APN: 03489-0039