72-04 Forest Ave, Ridgewood, NY 11385

Corner Brick Mixed-Use 5 Family + Store w/ Garage & Full Basement!

This is an Investor’s Dream! 5.7% CAP Rate! Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Ridgewood.

Just 5 mins to M train (Forest Ave)
3 blocks to Evergreen Park
7 blocks to the Rosemary’s Playground
Steps away from all shopping, boutiques, and groceries.

This income-producing property features:
– 5 Free Market Apartments (each are 2 Br/ 1 Bath)
– Commercial Store is approx. 800 sq. ft (tenants have a 5-year lease)
– All Apartments are in good condition, original wood floors that respect its pre-war character and charm: bright exterior, very high ceilings, hardwood floors, tall windows and so much more!
– Quiet building. Very well maintained.
– Full Basement
– 1 Car Garage
– Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer’s market on Saturdays.

Building: 25.92 x 79 ft
Lot: 25.92 x 100 ft
Zoning: R5B
FAR: 2.30; Max FAR: 2.0
Taxes: $18,590/Yr

Great Investment Opportunity!
Call TODAY for More Information!