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64-02 Fresh Pond Road 6402 Fresh Pond Rd 3,120 SF 100% Leased Retail Building Ridgewood, NY 11385 $2,200,000 ($705.13/SF) 5.31% Cap Rate
Investment Highlights
- The property offers 4 apartments and 2 retail spaces, one of which is a Thai restaurant on the corner
- The property is located just down the block from the M Train Fresh Pond Rd stop.
- 20% + Upside in Residential Rents
- The 2nd and 3rd floors are residential consisting of a 1BR & 2BR apartment per floor
- Free Market Corner Mixed Use
- 3,880 SF ($567/SF)
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 64-02 Fresh Pond Rd. The subject property is on the corner of Grove Street in the Ridgewood section of Queens.
The property offers 4 apartments and 2 retail spaces, one of which is a Thai restaurant on the corner. The 2nd and 3rd floors are residential consisting of a 1BR & 2BR apartment per floor.
The property is located just down the block from the M Train Fresh Pond Rd stop.
The property offers 4 apartments and 2 retail spaces, one of which is a Thai restaurant on the corner. The 2nd and 3rd floors are residential consisting of a 1BR & 2BR apartment per floor.
The property is located just down the block from the M Train Fresh Pond Rd stop.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,120 SF
Year Built
1931
Price
$2,200,000
Price Per SF
$705.13
Cap Rate
5.31%
NOI
$116,712
Percent Leased
100%
Building Height
3 Stories
Zoning
R6B
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03525-0042 | Improvements Assessment | $40,439 |
| Land Assessment | $11,816 | Total Assessment | $52,255 |
Property Taxes
Parcel Number
03525-0042
Land Assessment
$11,816
Improvements Assessment
$40,439
Total Assessment
$52,255
Contacts
-
Steve Reynolds -
Derek Bestreich -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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64-02 Fresh Pond Road | 6402 Fresh Pond Rd
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