1022 Wyckoff Ave
Ridgewood, NY 11385
1022 Wyckoff Avenue · Industrial Property For Sale

Investors are presented with the opportunity to acquire 1022 Wyckoff Avenue in the Ridgewood neighborhood of Queens, New York. The property is a commercial two-story property consisting of 1 commercial unit in addition to a penthouse unit on the second floor. The property is located in a prime, trending location of Ridgewood and is just steps away from NYC subway transportation. This is an ideal property for an investor who is targeting a commercial property with steady, strong cash flow, or a prospective operator who would like to use the property for his or her own use. The building is fully built on its lot, 50' by 97.5'. Total square footage of the property is 8,261 SF, which is inclusive of a penthouse unit as well as a finished basement. The commercial tenant is currently using the property for communal art & performance, studio, gallery, sound production & event space. The current lease commenced in September 1st 2016 and expires August 31st, 2019. The current rent is $11,000/month and increases 3% in September 2017, as well as another 3% in September 2018. The tenant is responsible for all expenses, including annual property taxes, utilities & services. Landlord is only r Landlord is only responsible for the 2016 base year property insurance amount of $4,873, however tenant is responsible to cover any increases over this amount