7104 60th Ln - Storefront Retail/Residential FOR SALE


Ridgewood, NY 11385
$2,300,000 USD
917-485-5519
7104 60th Ln, Ridgewood, NY for Sale
$2,300,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | 6.48% Cap Rate

7104 60th Ln
Ridgewood, NY 11385


OVERVIEW

Contact the listing broker Adis Kolenovic directly at Kole Group for more information or to schedule a viewing. Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2,100,000. The building features two oversized four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1,200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income. Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations. Highlights: 3,600 sq ft gross building area + 1,200 sq ft finished basement + 600 sq ft garages Updated mechanicals with separated gas and electric Radiator heat, gas hot water, and window AC units Zoning: R6B/C1-4 Lot size: 20.33’ x 90’ (1,830 sq ft) Don’t miss this unique opportunity to own a turn-key property in one of Queens’ most vibrant submarkets.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$2,300 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

03518-0025

ASK ABOUT THIS PROPERTY

Adis KoleKole GroupMore Info
917-485-5519

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Adis KoleKole GroupMore Info
917-485-5519

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