Ridgewood Storefront
10-20 Cypress Avenue, Ridgewood, NY 11385
For Sale
$2,300,000
A finished, 4,250-square-foot storefront dating to 1931, near warehouses and residential properties.
Property Size4,250 SF
Price / SF$541.18
Days on Market18
Property Features for 10-20 Cypress Avenue
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
Finished
Laminate
3
Yes
Public
No
4250
Building Details
Building Size
Year Built
Stories
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Josephine Nicolosi
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,250-square-foot storefront property at 10-20 Cypress Avenue was built in 1931. Its interior is finished, with laminate flooring noted among the interior features.
The property is one block from the L train subway. Warehouses and residential properties are nearby, and the area is described as developing.
The property is one block from the L train subway. Warehouses and residential properties are nearby, and the area is described as developing.
Key Highlights
- 4,250 square feet of storefront space
- Built in 1931
- One block from the L train subway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,863
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,260
$1.5M
Cap Rate 7%
$1,083,757
$1.1M
Cap Rate 9%
$842,922
$842.9K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$127.5K $30.00/SF
− Vacancy
−$19.1K −$4.50/SF
EGI
$108.4K $25.50/SF
− OpEx
−$32.5K −$7.65/SF
NOI
$75.9K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,260
Cap Rate 7%
$1,083,757
Cap Rate 9%
$842,922
Alternative Uses
Best Use
Retail
$1.08M
$948.3K – $1.26M
NOI $75,863 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,320 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,438
Businesses Nearby
301k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 27%
Dining 25%
Electronics 3%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.2 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.1 miles
White Castle
Dining
24,528 visits/mo
0.2 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.2 miles
BP
Shops & Services
22,327 visits/mo
0.3 miles
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Queens County, NY
Properties on Market for Storefront properties in Queens County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Flores Con Amor — 570 Wilson Ave, Brooklyn, NY 11207
- Flower Power Coffee — 447 Central Ave, Brooklyn, NY 11221
- ephemera — 16-51 Cody Ave, Queens, NY 11385
- Flowers by Mario corp. — 79-04 Cypress Ave, Ridgewood, NY 11385
- Florencia Flower Shop — 236 Wilson Ave, Brooklyn, NY 11237
Frequently Asked Questions
What type of property is this?
Storefront property - A finished, 4,250-square-foot storefront dating to 1931, near warehouses and residential properties.
Where is this storefront property located?
The property is located at 10-20 Cypress Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 4,250 square feet of storefront space; Built in 1931; One block from the L train subway
