Contacts
Evergreen Realty & Investments
Property Details
- Property Type Mixed Use
- Property Size 5,625 SF
- Lot Size 0.06 Acre
- Year Built 1931
- Date Updated Feb 26, 2026
Corner mixed-use building located in a strong residential and retail corridor, this free market, income-producing asset features a fully gut-renovated structure totaling approximately 5,625 SF. The first floor spans roughly 25’ x 100’, with the second and third floors each measuring 25’ x 64’. The property includes four spacious two-bedroom apartments with hardwood floors, two established commercial spaces (daycare and restaurant), and a fully finished basement with two offices and a private bathroom. The building generates strong in-place income of $255,954 annual gross with upside potential, delivering a $202,597 NOI, a 6.59% cap rate at asking, and a 7.06% potential cap rate. Commercial tenants contribute approximately $10,536 annually, representing 40% of property taxes and 50% of DEP charges. All boilers have been replaced within the last five years, with plumbing, electrical systems, and exterior masonry upgraded within approximately the last 20 years. The property is well maintained, professionally managed, mechanically modernized with a low deferred maintenance profile, and benefits from major capital improvements already completed. Surrounded by established restaurants, cafés, and neighborhood businesses, and located minutes from Bushwick and Williamsburg and blocks from the L and M trains, this is an exceptional long-term investment opportunity in one of Queens’ most sought-after neighborhoods.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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90/100
Walk Score ®
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98/100
Transit Score ®
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78/100
Bike Score ®
Location
- City Ridgewood, NY
- Neighborhood Ridgewood
- Zip Code 11385
- Market Queens
Points of Interest
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Myrtle–Wyckoff Avenues
0.42 miles
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Stanhope St & Wycoff Ave - NE Corner
0.42 miles
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Stanhope St & Wycoff Ave - NW Corner
0.43 miles
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Stanhope St & Wycoff Ave - SE Corner
0.43 miles
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Stanhope St & Wycoff Ave - SW Corner
0.44 miles
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Dekalb Ave & Wycoff Ave - NE Corner
0.48 miles
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Dekalb Ave & Wycoff Ave - NW Corner
0.49 miles
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Dekalb Ave & Wycoff Ave - SE Corner
0.49 miles
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Dekalb Ave & Wycoff Ave - SW Corner
0.50 miles
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Knickerbocker Avenue
0.66 miles
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BP
0.47 miles
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Shell
0.57 miles
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Sunoco
0.65 miles
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Citgo
0.77 miles
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American Gas
0.82 miles
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Hess
1.04 miles
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GasTrac
1.12 miles
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Exxon
1.32 miles
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Revel
2.12 miles
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Tesla Supercharger
2.26 miles
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MMP Parking LLC
0.49 miles
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Stop & Shop Parking
1.02 miles
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Connoly's Parking Lot
1.84 miles
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Havens Place Lot
2.02 miles
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School bus parking
2.29 miles
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Private Parking Lot
2.44 miles
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FDNY Fleet Services
2.64 miles
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MTP Park
2.95 miles
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Central Parking System of New York, Inc.
2.99 miles
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LaGuardia Community College Parking Lot
3.09 miles
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Red Carpet Inn
0.71 miles
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casa reservada para vacaciones
0.93 miles
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Hotel Bogart Street, Brooklyn
1.21 miles
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New York Loft Hostel
1.25 miles
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Holiday Inn Express
1.29 miles
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Marina Hotel
1.30 miles
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Artel 535
1.30 miles
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New York Moore Hostel
1.45 miles
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Comfort Inn
1.65 miles
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hull
1.76 miles
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Young Grocery
0.30 miles
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Vitelio's Marketplace
0.31 miles
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Food Bazaar Supermarket
0.32 miles
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Associated Market Place
0.32 miles
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La Plasita Ecuatariana
0.37 miles
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Armandos Grocery & Bakery
0.39 miles
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Extreme Department Store
0.41 miles
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Liberty Department Stores
0.41 miles
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Food Story II
0.42 miles
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Himalaya Food Market
0.43 miles
Evergreen Realty & Investments
