576 Fairview Ave
Ridgewood, NY 11385
Retail Property For Sale

Calling All Investors, End-Users & Restauranteurs!!! Beautiful 3 Unit Building For Sale Offered At A 6.63 Cap!!! Located On The Corner Of Fairview Ave. & Menahan St. This Property Features Great Exposure, Excellent Signage, A New Boiler, 2 Free Market Apartments, A Full Basement, 3 Separate Electric Meters, Separate Gas Meters, Motion Sensor Lights, Skylight, +++!!! Both 2 Bedroom Apartments Are Month To Month & They're Rented Well Below Market Value (Upside Potential!!). The 1st Floor Is Rented To A Contractor. The 1st Floor Can Be Delivered With A Lease Or Vacant If Necessary To Accommodate The Needs Of An End-User & Or Developer. The Zoning Allows For The Property To Be Turned Back Into A Restaurant. This Is An Excellent Opportunity!!! Contractor: $6,750 Per Month ($81,000 Ann.) The Contractors Space Can Be Delivered With A Lease Or Unoccupied. The 2 Br Apartment (Left): $1,400 Per Month ($16,800 Ann.) Month-Month (Free Market, Huge Upside Potential!!) The 2 Br Apartment (Right): $1,450 Per Month ($17,400 Ann.) Month-Month (Free Market, Huge Upside Potential!!)