- For Sale $2,295,000
- Property Type Retail - Street Retail
- Property Size 4,200 SF
- Units 6
- Lot Size 0.04 Acre
- Year Built 1930
- Date Updated Aug 21, 2026
Description
Rare historic corner mixed-use investment opportunity in the heart of Ridgewood, Queens. This well-maintained brick property features two spacious 3-bedroom apartments, two street-level commercial storefronts, and two income-producing garages, offering six diversified units. The property presents significant value-add potential through residential renovations, updated commercial leasing, and below-market rents, providing flexibility for future growth. With a highly visible corner location, solid construction, and convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities, this property offers an attractive opportunity for investors seeking a well-located mixed-use asset with long-term potential.Well-maintained historic brick mixed-use property featuring two 3-bedroom apartments, two commercial storefronts, and two income-producing garages. The property offers a strong value-add opportunity with below-market rents and residential units that can be renovated to increase future returns. Ideal for investors seeking diversified income and significant upside potential. Projected Rents are as follows: Apartment 1 - $3,000; Apartment 2 - $3,000; Store #1 (Smaller Store) - $700; Store #2 - $3,000; Garage #1 - $700; Garage #2 - $700 for a Projected Monthly Income of $11,100.
Highlights
- 6 units
- Great investment opportunity
- High foot traffic area
- Modern building design
- Prime New York location
- Proximity to major attractions
- Strong rental potential
- Versatile retail space
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Contacts
Russell Fragala
Hedgestone Commercial Real Estate
Location
Located at 60-49 68th Avenue, Ridgewood, NY 11385, this property is part of the Glendale neighborhood and Queens market.
Contact Listing Broker
Russell Fragala
Hedgestone Commercial Real Estate