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575 Woodward Ave 3,460 SF 100% Leased Retail Building Ridgewood, NY 11385 For Sale
INVESTMENT HIGHLIGHTS
- CORNER MIXED-USE BUILDING IN RIDGEWOOD VALUE-ADD WITH VACANT APARTMENT
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 575 WOODWARD AVENUE — in Ridgewood, Queens (the ‘Property’).
The Property is a corner mixed-use building consisting of two apartments, a corner-grocer, a ground-floor office, and a three-car garage. The asset presents a compelling value-add opportunity for investors seeking long-term growth in one of Queens’ most stable and sought-after neighborhoods.
Strategically positioned in Ridgewood, 575 Woodward Avenue benefits from excellent visibility and access, located near vibrant retail corridors, well-regarded schools, and Rosemary’s Playground. Ridgewood has become increasingly attractive to both residents and commercial tenants due to its proximity to Bushwick, strong transit connectivity, and its blend of cultural charm and modern conveniences. The property is a short walk to some of the neighborhood’s best restaurants and bars including Rolo’s, Julia’s, Gottscheer Hall, and more. With a flexible layout and potential upside across all uses, the Property is ideally suited for repositioning or cash-flow
improvement.
For additional information or to schedule a property inspection, please contact the Exclusive Brokers.
The Property is a corner mixed-use building consisting of two apartments, a corner-grocer, a ground-floor office, and a three-car garage. The asset presents a compelling value-add opportunity for investors seeking long-term growth in one of Queens’ most stable and sought-after neighborhoods.
Strategically positioned in Ridgewood, 575 Woodward Avenue benefits from excellent visibility and access, located near vibrant retail corridors, well-regarded schools, and Rosemary’s Playground. Ridgewood has become increasingly attractive to both residents and commercial tenants due to its proximity to Bushwick, strong transit connectivity, and its blend of cultural charm and modern conveniences. The property is a short walk to some of the neighborhood’s best restaurants and bars including Rolo’s, Julia’s, Gottscheer Hall, and more. With a flexible layout and potential upside across all uses, the Property is ideally suited for repositioning or cash-flow
improvement.
For additional information or to schedule a property inspection, please contact the Exclusive Brokers.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,460 SF
Building Class
B
Year Built
1910
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.73
Lot Size
0.05 AC
Zoning
R6B / C1-4 - Commercial district predominantly residential in character
Parking
3 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (97)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03391-0012 | Improvements Assessment | $29,841 |
| Land Assessment | $6,563 | Total Assessment | $36,404 |
PROPERTY TAXES
Parcel Number
03391-0012
Land Assessment
$6,563
Improvements Assessment
$29,841
Total Assessment
$36,404
CONTACTS
-
Stephen Preuss -
Kevin Schmitz -
Andreas Efthymiou -
Thomas Tyne -
Jack Rovner -
Ripco Real Estate
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575 Woodward Ave
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