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Newly Built Apartment Building
For Sale
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Pending

59-25 Grove Street, Ridgewood, NY 11385

Newly built building with all 2-bedroom units and tenant-paid utilities, plus basement laundry and outdoor community amenities.

Property SizeContact for details
Days on Market144

Property Features for 59-25 Grove Street

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Greiner-Maltz Company of New York, Inc.
Listed By: John Gonsalves · License #NY
Source: Crexi
Added: Apr 10 Changed: Aug 25 Last Checked: Aug 31 at 2:17PM

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 Greiner-Maltz Company of New York, Inc.

Investment Insights

Based on property information with market context.

The subject property is a newly built apartment building with all units configured as 2 bedrooms. Tenants pay their own utilities. The building includes a community BBQ and a terrace, along with a laundry room located in the basement.

The property is situated on the north side of Grove Street between Forest Avenue and 60th Place, in the Ridgewood area. It is described as being about four blocks from the M train stop and within the thriving commercial district along Forest Avenue.

This offering presents an owner with a modern multifamily asset with consistent unit configuration and on-site resident amenities, supported by the building’s established utility setup where each tenant is responsible for their own utilities.

Key Highlights

  • Newly built apartment building in Ridgewood on the north side of Grove Street between Forest Avenue and 60th Place
  • All units are 2‑bedroom apartments
  • Tenants pay their own utilities

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

5,833
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Newly built building with all 2-bedroom units and tenant-paid utilities, plus basement laundry and outdoor community amenities.
Where is this multifamily property located?
The property is located at 59-25 Grove Street Ridgewood, NY.
What are key features of this property?
This property features: Newly built apartment building in Ridgewood on the north side of Grove Street between Forest Avenue and 60th Place; All units are 2‑bedroom apartments; Tenants pay their own utilities
More about this property
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