552 Grandview Ave - Storefront FOR SALE


Ridgewood, NY 11385
$2,200,000 USD
718-894-8700
552 Grandview Ave, Ridgewood, NY for Sale
$2,200,000 USD
Storefront - FOR SALE
1/23
null | 7.29% Cap Rate

552 Grandview Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • A WELL-ESTABLISHED BUSINESS RESIDEDS IN THE 1ST FLOOR COMMERCIAL SPACE
  • 1 RESIDENTIAL UNIT WILL BE VACANT ON TITLE
  • GREAT LOCATION NEAR ALL MODES OF TRANSPORTATION

OVERVIEW

This Mixed-use investment opportunity is located in the heart of Ridgewood. This well-maintained property features a spacious ground-floor commercial unit currently operating as a neighborhood bar, complete with a large main area, pool table section, and a separate rear room with stage—ideal for live music, private events, and gatherings. The commercial rent is $6,523 per month and increases 3% on each April 1. The lease ends on 3/31/2031. Under that lease, that tenant pays 77% of property taxes, 61% of the water charges and its heat expenses. Above the commercial space on the 2nd floor are two residential apartments providing strong rental income. Apt. 2A features an eat-in kitchen, living room, 2 bedrooms and full bath, currently rented for $2,400/month with lease expiring 8/31. Apt. 2B Will be Vacant on Title and consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, market rent is $3,800 per month. Both tenants pay their own heat, minimizing owner expenses. Also featuring a full basement, & gas heat. 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. Convenient access to shopping, dining, and public transportation makes this an attractive option for both commercial and residential tenants. Ideal for investors or owner-users seeking a solid income-producing property in a prime and growing neighborhood.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$568 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

03383-0041

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.