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552 Grandview Ave Ridgewood, NY 11385

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New
For Sale
$2,200,000

Multi-Unit - Ridgewood, NY

Added:
Apr 17, 2026
Days on Market:
1
Last Refresh:
Apr 17 at 10:06 pm

Property Features for 552 Grandview Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
Parking features
Garage
Basement Y/N
1
Standard status
Active

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7693

Utilities

Heating system
Natural Gas

Building Details

Year built
1930
Year renovated
1930
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Siding
Architectural style
Other

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Listing Contact
Joseph V. Crifasi

Listing agent Joseph V. Crifasi

Listing office CRIFASI REAL ESTATE INC 62-70 FRESH POND RD, RIDGEWOOD, NY

Listing date Apr 17, 2026

MLS# 11694223 Listing URL

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Ridgewood Mixed-Use Investment Opportunity

Located in the heart of Ridgewood, this mixed-use property features a ground-floor commercial unit currently operating as a neighborhood bar. The commercial space includes a large main area, a pool table section, and a separate rear room with a stage suitable for live music, private events, and gatherings. The commercial rent is $6,523 per month, with a 3% increase on each April 1, and the lease ends on 3/31/2031. The tenant pays 77% of property taxes, 61% of the water charges, and their heat expenses. Above the commercial space on the 2nd floor are two residential apartments. Apartment 2A features an eat-in kitchen, living room, 2 bedrooms, and a full bath, currently rented for $2,400 per month with the lease expiring on 8/31. Apartment 2B will be vacant on title and consists of an eat-in kitchen, living room, 3 bedrooms, and 1 full bathroom, with a market rent of $3,800 per month. Both tenants pay their own heat. The property also features a full basement and gas heat. Situated in the Ridgewood section of Queens, the property benefits from excellent foot traffic and convenient access to shopping, dining, and public transportation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Herbal Life Grocery & Convenience Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Ridgewood
County
Queens
State
New York
Longitude
-73.907022
Latitude
40.709106

FAQs

What type of property is this?
Mixed-use property - Mixed-use property in Ridgewood with commercial and residential units.
Where is this mixed-use property located?
The property is located at 552 Grandview Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑income producing mixed‑use property with a diversified income stream.; Prime commercial tenant: Leased to a neighborhood bar generating $6,523/month with annual rent increases.; Strong residential rental income: One unit rented for $2,400/month, and one vacant with potential $3,800/month.
More about this property
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