Ridgewood Mixed-Use Investment Opportunity

59-09 71st Avenue Ridgewood, NY 11385

For Sale

$2,400,000

MULTI_FAMILY - Ridgewood, NY

Property size:

4,000 SF

Lot size:

0.05 Acres

Price / SF:

$600/SF

For Sale

$2,400,000

MULTI_FAMILY - Ridgewood, NY

Property size:

4,000 SF

Lot size:

0.05 Acres

Price / SF:

$600/SF

Added:: Mar 10, 2026
Days on Market:: 124
Last Refresh:: Jul 11 at 6:06 am

Property Features for 59-09 71st Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Off Street
Basement: Unfinished
Standard status: Active
APN: 03508-0045
Size: 4,000 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 28871

Utilities

Utilities: Water Available
Sewer type: Public Sewer
Heating system: Natural Gas
Cooling system: Ductless, Central Air
Water source: Public

Building Details

Year built: 1931
Number of units: 3
Building materials: Brick

Listing agent Marek Sobolewski License #10311207231

Listing office Trademarko Realty Inc 6832 Forest Ave, Ridgewood, NY

Listing date Mar 10, 2026

MLS# 970026 Listing URL

Investment Insights

Based on property information with market context.

Located in Ridgewood, the property at 59-09 71st Avenue offers a mixed-use opportunity near the subway and a busy shopping district with high foot traffic. The building spans over 4,000 square feet and includes a fully equipped commercial restaurant suitable for hospitality operators. The restaurant features a duplex dining area designed for private events, with additional seating on the second floor. The first floor includes a modern kitchen, bar, and dining space that opens to a covered outdoor patio. The basement provides two walk-in refrigerators and an additional prep area. In addition to the commercial space, the property includes two residential units: a renovated one-bedroom duplex apartment and a separate one-bedroom apartment on the top floor. The 0.0463-acre lot presents a mixed-use asset for restaurant owners or investors.

Key Highlights

Fully equipped commercial restaurant space exceeding 4,000 sq ft.
Prime location near subway and shopping district with high foot traffic.
Includes two residential units: a renovated one‑bedroom duplex and a separate one‑bedroom apartment.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$264.0k	$66.00
− Vacancy	−$17.2k	−$4.29
EGI	$246.8k	$61.71
− OpEx	−$61.7k	−$15.43
NOI	$185.1k	$46.28

4,000 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.64M

$2.31M – $3.09M (±1% cap)

NOI $185,130 @ 7.0% cap · market cap 7.71%

Second Best

Mixed Use

$735.4K

$643.5K – $858.0K (±1% cap)

NOI $51,480 @ 7.0% cap · market cap 2.15%

Theoretical Best

Office A

$2.95M

$2.58M – $3.44M (±1% cap)

NOI $206,419 @ 7.0% cap · market cap 8.60%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

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For sale
Mixed-use properties
NY
Ridgewood
11385
59-09 71st Avenue

What type of property is this?

Mixed-use property - Mixed-use property with restaurant and residential units in prime location.

Where is this mixed-use property located?

The property is located at 59-09 71st Avenue Ridgewood, NY.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Fully equipped commercial restaurant space exceeding 4,000 sq ft.; Prime location near subway and shopping district with high foot traffic.; Includes two residential units: a renovated one‑bedroom duplex and a separate one‑bedroom apartment.

59-09 71st Avenue Ridgewood, NY 11385

MULTI_FAMILY - Ridgewood, NY

Property Features for 59-09 71st Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Ridgewood Mixed-Use Investment Opportunity

Pre-War Multifamily with Private Backyard

Renovated Two-Family Residence

Three-Family Triplex with Garage

Ridgewood Turnkey Six-Family Building

Ridgewood Six-Family Brick Building

Two-Family Home with Finished Lower Level

8-Unit Brick Apartment Building

Mixed-Use Building Package

Two-Family Brick Home with Garage

Flex Space with Gas Warehouse Area

Mixed-Use Building with Retail Ground Floor

FAQs