552 Grandview Ave

MIXED USE PROPERTY IN THE HEART OF RIDGWOOD-1 RESIDENTIAL APT. WILL BE VOT 

Featuring a spacious ground floor commercial unit currently operating as a neighborhood bar with a large main area, pool table section and a spacious rear room with a stage, ideal for live music, private events and gatherings. The commercial rent is $6,523 per month, and increases 3% on April 1st. Their lease ends on 3/31/31. Under that lease, the tenant pays 77% of the property taxes, 61% of the water charges and its heating expense. Above the commerical unit are 2 residential apts. Apt. 2A features an EIK, Lr, 2 bedrooms and 1 full bath. Currenlty rented for $2,400 per month. Apt. 2B will be VOT, featuring an EIK, LR, 3 bedrooms, and 1 full bathroom. Market rent would be $3,800 per month. Both tenants pay their own heat. Also featuring a full basement and gas heating. Located in the vibrant Ridgewood section of Queens known for its blend of residential charm and thriving local businesses. This property offers excellent foot traffic and long term upside. Ideal for investors or owner-users seeking a solid income producing property in a prime and growing neighborhood.