72-04 Forest Ave, Queens, NY 11385 - Mixed Use Space
72-04 Forest Ave is located at 72-04 Forest Ave in the Ridgewood neighborhood, NY, Queens, 11385. The Mixed Use building was completed in 1931 and features a total of 5,951 Sqft.
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72-04 Forest Ave
72-04 Forest Ave, Queens, NY 11385
- Mixed Use
- Office / Retail / Residential
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Nearby Properties
Details
- Sale Price $2,425,000
- City Queens
- Neighborhood Ridgewood
- Zip Code 11385
- Market Queens
- Property Type Mixed Use - Office / Retail / Residential
- Property Size 5,951 Sqft
- Lot Size 2,592 Sqft
- Parking Spaces Avail. 1
- Parking Ratio 0.17/ 1,000 SF
- Property Tenancy Multi-Tenant
- Year Built 1931
- Date Updated 20 Jan, 2021
- Construction Type Brick
- Website caprijetrealty.com
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.
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Description
IN CONTRACT!!!
Corner Brick Mixed-Use 5 Family + Store w/ Garage & Full Basement!
This is an Investor’s Dream! 5.7% CAP Rate! Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Ridgewood.
Just 5 mins to M train (Forest Ave)
3 blocks to Evergreen Park
7 blocks to the Rosemary’s Playground
Steps away from all shopping, boutiques, and groceries.
This income-producing property features:
- 5 Free Market Apartments (each are 2 Br/ 1 Bath)
- Commercial Store is approx. 800 sq. ft (tenants have a 5-year lease)
- All Apartments are in good condition, original wood floors that respect its pre-war character and charm: bright exterior, very high ceilings, hardwood floors, tall windows and so much more!
- Quiet building. Very well maintained.
- Full Basement
- 1 Car Garage
- Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer’s market on Saturdays.
Building: 25.92 x 79 ft
Lot: 25.92 x 100 ft
Zoning: R5B
FAR: 2.30; Max FAR: 2.0
Taxes: $18,590/Yr
Great Investment Opportunity!
Call TODAY for More Information!
3D Virtual Tour: https://listing3d.com/71-02-forest-avenue-ridgewood-queens-new-york-ny/sYQAAGOkAAAV9
Youtube Video: https://www.youtube.com/watch?v=ntIneemBHkE
FREQUENTLY ASKED QUESTIONS
What is the total square footage of 72-04 Forest Ave?
72-04 Forest Ave totals 5,951 square feet.
When was this property built?
72-04 Forest Ave was built in 1931.
Ridgewood Demographics
The average household income in zip code 11385 is $87,852, from a total of 35,501 households. In terms of employment, there are 76.49 % white-collar and 23.51 % blue-collar jobs in zip code 11385.Population
- Total Population107,796
- Male Population(49.7 %) 53,561
- Female Population(50.3 %) 54,235
- Median Age35.20
Income/Financial
- Average Household Income$87,852
- Median Household Income$75,340
- Median Income Under 25$61,250
- Median Income 25-44$80,017
- Median Income 45-64$84,728
- Median Income Over 65$39,169
Top Markets Near Queens
Attachments
Commercial Broker Register now to add listings
Contact
Michael Bifalco
(917) 704-5147