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K & L LLC 59 E Ridgewood Ave 5,000 SF 100% Leased Retail Building Ridgewood, NJ 07450 $2,200,000 ($440/SF) 5.49% Cap Rate



Investment Highlights
- Downtown Ridgewood
- Heavy daytime foot traffic
Executive Summary
rime Mixed-Use Investment Opportunity | Ridgewood, NJ
Positioned in the heart of downtown Ridgewood, this exceptional mixed-use asset at 57–59 E Ridgewood Ave offers a rare opportunity to acquire a high-demand, income-producing property in one of Bergen County’s most sought-after retail corridors.
The property features two street-level retail storefronts with strong visibility and consistent foot traffic, complemented by two residential apartments above, creating a balanced and diversified income stream. This proven mixed-use configuration is ideal for investors seeking stable cash flow with long-term upside potential.
Surrounded by national retailers, boutique shops, and popular dining destinations, the location benefits from Ridgewood’s affluent demographics, walkability, and direct access to major transportation routes and NJ Transit.
Investment Highlights:
Two (2) retail storefronts with prime frontage on E Ridgewood Ave
Two (2) residential apartments providing additional rental income
High-visibility location in a premier downtown retail district
Strong foot traffic and established tenant demand
Ideal for investors seeking passive income and appreciation in a high-barrier-to-entry market
This is a rare opportunity to secure a trophy mixed-use asset in Ridgewood’s core business district, where retail and residential demand remain consistently strong.
Positioned in the heart of downtown Ridgewood, this exceptional mixed-use asset at 57–59 E Ridgewood Ave offers a rare opportunity to acquire a high-demand, income-producing property in one of Bergen County’s most sought-after retail corridors.
The property features two street-level retail storefronts with strong visibility and consistent foot traffic, complemented by two residential apartments above, creating a balanced and diversified income stream. This proven mixed-use configuration is ideal for investors seeking stable cash flow with long-term upside potential.
Surrounded by national retailers, boutique shops, and popular dining destinations, the location benefits from Ridgewood’s affluent demographics, walkability, and direct access to major transportation routes and NJ Transit.
Investment Highlights:
Two (2) retail storefronts with prime frontage on E Ridgewood Ave
Two (2) residential apartments providing additional rental income
High-visibility location in a premier downtown retail district
Strong foot traffic and established tenant demand
Ideal for investors seeking passive income and appreciation in a high-barrier-to-entry market
This is a rare opportunity to secure a trophy mixed-use asset in Ridgewood’s core business district, where retail and residential demand remain consistently strong.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,000 SF
Building Class
C
Year Built
1920
Price
$2,200,000
Price Per SF
$440
Cap Rate
5.49%
NOI
$120,780
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.64
Lot Size
0.07 AC
Walk Score®
Walker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-03805-0000-00012 | Improvements Assessment | $960,900 |
| Land Assessment | $382,500 | Total Assessment | $1,343,400 |
Property Taxes
Parcel Number
51-03805-0000-00012
Land Assessment
$382,500
Improvements Assessment
$960,900
Total Assessment
$1,343,400
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K & L LLC
K & L LLC | 59 E Ridgewood Ave
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