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6817 Forest Ave
Ridgewood, NY 11385
Retail Property For Sale
EXECUTIVE SUMMARY
CORNER FREE MARKET RIDGEWOOD MIXED-USE BUILDING • 2 APARTMENTS • 1 COMMERCIAL SPACE • 2 GARAGES
- Free market, well-maintained two-family and a store, mixed-use building in Ridgewood.
- The building is 3,360 square feet and sits on a lot measuring 25.67’ x 105.67’.
- Two two-bedroom residential units — front and rear units are easily convertible to three-bedroom apartments.
- 1,680 square feet of retail space.
- Two garages.
- The ground floor commercial space comes with exclusive backyard access and a commercial cooking gas line.
- Finished basement.
- This is a rare opportunity to generate significant passive income in prime Ridgewood.
- Actual cap: 7.28% (with projected vacant rent)
- Potential cap: 9.87%
- Free market, well-maintained two-family and a store, mixed-use building in Ridgewood.
- The building is 3,360 square feet and sits on a lot measuring 25.67’ x 105.67’.
- Two two-bedroom residential units — front and rear units are easily convertible to three-bedroom apartments.
- 1,680 square feet of retail space.
- Two garages.
- The ground floor commercial space comes with exclusive backyard access and a commercial cooking gas line.
- Finished basement.
- This is a rare opportunity to generate significant passive income in prime Ridgewood.
- Actual cap: 7.28% (with projected vacant rent)
- Potential cap: 9.87%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,957 SF
Building Class
C
Year Built
1920
Price
$1,650,000
Price Per SF
$558.00
Cap Rate
7.28%
NOI
$120,120
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.06 AC
Zoning
R5B - Medium-density apartment house district with lower parking requirements
Frontage
25’ on Forest Ave
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
PROPERTY TAXES
| Parcel Number | 03504-0001 | Improvements Assessment | $33,900 |
| Land Assessment | $9,589 | Total Assessment | $43,489 |
PROPERTY TAXES
Parcel Number
03504-0001
Land Assessment
$9,589
Improvements Assessment
$33,900
Total Assessment
$43,489
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