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    575 Woodward Ave Ridgewood, NY 11385

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    For Sale
    $1,450,000

    Mixed-use building with apartments, retail, office, and parking garage.

    Property size:
    3,460 SF
    Lot size:
    0.05 Acres

    Property Features for 575 Woodward Ave

    General Information

    Size
    3,460 SF
    Lot size
    0.05 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Corner Building with Garage

    This is a three-story mixed-use corner building featuring two three-bedroom (plus office) apartments situated above a corner grocer, an office unit, and a three-car garage. The property, totaling 3460 square feet, presents a value-add investment opportunity. One apartment will be delivered vacant, offering the potential for renovation and increased cash flow. The building includes a three-car garage currently leased to one tenant. Located in Ridgewood, New York, the property is in close proximity to the M and L subway lines, providing convenient access to Manhattan and neighboring Brooklyn communities. The area continues to attract young professionals and families, supporting rent growth and long-term appreciation potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tavares Deli & Grocery Deli

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.908073
    Latitude
    40.706536

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with apartments, retail, office, and parking garage.
    Where is this mixed-use property located?
    The property is located at 575 Woodward Ave Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Mixed-use corner building with income-generating potential from multiple units.; - Value-add opportunity: renovate the vacant apartment to increase cash flow.; - Three-car garage provides on-site parking and additional rental income.
    (516) 647-7155
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    575 Woodward Ave Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    575 Woodward Ave Ridgewood, NY 11385
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