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6307 Fresh Pond Rd 9,200 SF 100% Leased Retail Building Ridgewood, NY 11385 $2,950,000 ($320.65/SF) 6.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!!
- The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!
- Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin’, Petco, Pep Boys, +++!!!
- The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, +++!!!
- The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
*The Asking Price Is $2,850,000-$3,250,000. Per The Seller Anything Below This Range Will Not Be Considered!!!*
Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!! The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, Waiting Room, High 30’ Ceilings, (4) 22’ Roll-Up Doors, 4 Skylights, Private Office, 3 Phase Power, All New LED Lighting, Accessible Bathroom, Sprinklers, A/C, +++!!! The Property Had A Brand New Roof Installed In 2023!!! The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!! The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!! Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin’, Petco, Pep Boys, Raymour & Flanigan, Taco Bell, Wendy’s, McDonald’s, Carvel, Lidl, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Truck & Auto Repair Shop (8,800 Sqft.): 184,644 Ann.; 3% Ann. Inc.; Lease Exp.: 8/21/32.
2nd Floor Office (400 Sqft.): $24,000 Ann. (Available)
Pro Forma Gross Income: $208,644 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Snow & Landscape: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $2,300 Ann.
Taxes: $26,558.48 Ann.
Total Expenses: $29,108.48 Ann.
Pro Forma Net Operating Income (NOI): $179,535.52 Ann.
Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!! The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, Waiting Room, High 30’ Ceilings, (4) 22’ Roll-Up Doors, 4 Skylights, Private Office, 3 Phase Power, All New LED Lighting, Accessible Bathroom, Sprinklers, A/C, +++!!! The Property Had A Brand New Roof Installed In 2023!!! The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!! The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!! Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin’, Petco, Pep Boys, Raymour & Flanigan, Taco Bell, Wendy’s, McDonald’s, Carvel, Lidl, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Truck & Auto Repair Shop (8,800 Sqft.): 184,644 Ann.; 3% Ann. Inc.; Lease Exp.: 8/21/32.
2nd Floor Office (400 Sqft.): $24,000 Ann. (Available)
Pro Forma Gross Income: $208,644 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Snow & Landscape: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $2,300 Ann.
Taxes: $26,558.48 Ann.
Total Expenses: $29,108.48 Ann.
Pro Forma Net Operating Income (NOI): $179,535.52 Ann.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$208,644
|
$22.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$208,644
|
$22.68
|
| Taxes |
$26,558
|
$2.89
|
| Operating Expenses |
$2,550
|
$0.28
|
| Total Expenses |
$29,108
|
$3.16
|
| Net Operating Income |
$179,536
|
$19.51
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $208,644 |
| Annual Per SF | $22.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $208,644 |
| Annual Per SF | $22.68 |
| Taxes | |
|---|---|
| Annual | $26,558 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $2,550 |
| Annual Per SF | $0.28 |
| Total Expenses | |
|---|---|
| Annual | $29,108 |
| Annual Per SF | $3.16 |
| Net Operating Income | |
|---|---|
| Annual | $179,536 |
| Annual Per SF | $19.51 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,200 SF
Building Class
C
Year Built/Renovated
1947/2023
Price
$2,950,000
Price Per SF
$320.65
Cap Rate
6.09%
NOI
$179,536
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.57
Lot Size
0.37 AC
Zoning
M1-1
Parking
18 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
60’ on Fresh Pond Rd
AMENITIES
- 24 Hour Access
- Fenced Lot
- Mezzanine
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 63-07 Fresh Pond Road Realty Corp
- -
- -
- -
- -
- Ridge Pond Auto Repair Inc
- Services
- -
- -
- -
- Ridgewood Auto Spring
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 63-07 Fresh Pond Road Realty Corp | - | - | - | - | ||
| Ridge Pond Auto Repair Inc | Services | - | - | - | ||
| Ridgewood Auto Spring | Services | - | - | - |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03608-0011 | Total Assessment | $267,390 |
| Land Assessment | $94,500 | Annual Taxes | $26,558 ($2.89/SF) |
| Improvements Assessment | $172,890 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03608-0011
Land Assessment
$94,500
Improvements Assessment
$172,890
Total Assessment
$267,390
Annual Taxes
$26,558 ($2.89/SF)
Tax Year
2025
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6307 Fresh Pond Rd
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