Mixed-Use Property in
652 Grandview Avenue Ridgewood, NY 11385
For Sale
$1,380,000
Pending
Two residential units and one commercial unit in Ridgewood.
Property Size3,440 SF
Lot Size0.06 Acres
Days on Market595
Property Features for 652 Grandview Avenue
General Information
Standard status
Pending
Size
3,440 SF
Lot size
0.06 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1931
Listing Agency:
Corey Winograd
(212) 268-6900
Listed By:
Corey M. Winograd · License #10351212923
(212) 268-6900
Source:
Exitrealty
Added: Dec 10, 2024
Changed: Jul 10
Last Checked: Jul 27 at 5:37AM
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 Corey Winograd
Investment Insights
Based on property information with market context.
This mixed-use property features lot dimensions of approximately 25' x 98' and a building with approximate dimensions of 25' x 68'. The two-story structure offers a gross square footage of 3440. It includes two residential units, each with 765 net square feet, and one commercial unit providing 1445 net square feet. Additional features include 800 net square feet of basement storage space and a 500 net square foot garage with space for two cars. The property is located in Ridgewood, NY.
Key Highlights
- Mixed‑use property featuring 2 residential units and 1 commercial unit.
- Boasting a substantial 3440 sf of gross square footage.
- Benefit from a two‑car garage offering 500 nsf.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.9k | $46.20 |
| − Vacancy | −$6.0k | −$1.76 |
| EGI | $152.9k | $44.44 |
| − OpEx | −$68.8k | −$20.00 |
| NOI | $84.1k | $24.44 |
3,440 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,089 @ 7.0% cap · market cap 6.09%
Second Best
Multifamily LT 5
$813.4K
$711.7K – $949.0K
NOI $56,938 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,521 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units and one commercial unit in Ridgewood.
Where is this mixed-use property located?
The property is located at 652 Grandview Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Mixed‑use property featuring 2 residential units and 1 commercial unit.; Boasting a substantial 3440 sf of gross square footage.; Benefit from a two‑car garage offering 500 nsf.
