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Mixed-Use Building with Pharmacy
For Sale
$1,799,000

11-05 Cypress Avenue, Ridgewood, NY 11385

Commercial Sale, Ridgewood, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market12

Property Features for 11-05 Cypress Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning M1-4D
Rooms Basement
Basement Full
Elementary school Ps 68 Cambridge
Middle school Joseph F Quinn Intermediate School 77
High school Grover Cleveland High School
Elementary school district Queens 24
Middle school district Queens24
High school district Queens24
Standard status Active
APN 03568-0017
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7735

Utilities

Sewer type Public Sewer
Heating system Oil
Water source Public

Amenities

full basement
spacious yard

Building Details

Year built 1930
Floors in Building 1
Number of units 3
Flooring type Wood
Building materials Brick
Listing Agency: Crifasi Real Estate Inc
Listed By: Joseph V. Crifasi · License #30CR1126424
Added: Oct 19 Changed: Oct 21 Last Checked: Oct 30 at 1:06AM
MLS# 1063100

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

Rey
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Investment Insights

Based on property information with market context.

This brick mixed-use property has a pharmacy on the ground floor and an apartment on each of the two upper levels. The second-floor unit includes an eat-in kitchen, living room, one bedroom, and a full bathroom. The third-floor apartment has an eat-in kitchen, living room, dining room, three bedrooms, and a full bathroom. A full basement and yard add further space. The building uses oil-fired heat, and public water and sewer serve the property.

Improvements include a replacement roof and boiler in 2025, new windows in 2022, and updated kitchens and bathrooms in both apartments. Additional work included a return line in 2019, a new front door, wood carpentry improvements, and refreshed hallways. The property is 0.7 miles from the subway and is zoned M1-4D. The pharmacy lease runs through 2028 with a renewal option; the apartment leases expire in November 2026 and 2027, respectively.

Key Highlights

  • Ground‑floor pharmacy with two upper‑floor apartments
  • Second‑floor apartment has 1 bedroom; third‑floor apartment has 3 bedrooms
  • Roof and boiler replaced in 2025; windows updated in 2022

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Cypress RX Pharmacy Pharmacy New York Glamour ... Nail Salon

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Carpet & Flooring Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,576
Businesses Nearby

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three occupied floors combine a ground-level pharmacy with two leased apartments under M1-4D zoning.
Where is this mixed-use property located?
The property is located at 11-05 Cypress Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Ground‑floor pharmacy with two upper‑floor apartments; Second‑floor apartment has 1 bedroom; third‑floor apartment has 3 bedrooms; Roof and boiler replaced in 2025; windows updated in 2022
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