72-04 Forest Ave

For Sale$2,425,000

72-04 Forest Ave, Queens, NY 11385

  • Mixed Use
  • Office / Retail / Residential

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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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.

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

Attachments

Commercial Broker Register now to add listings

Robert Napolitano

Capri Jet Realty

Licensed Real Estate Broker

(347) 450-3577

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Contact

Michael Bifalco

(917) 704-5147