Renovated Mixed-Use
For Sale
$1,799,000
1629 Decatur Street, Ridgewood, NY 11385
Two-family residential space accompanies a fabrication shop, finished basement, private parking, and detached garage.
Property Size3,616 SF
Lot Size0.11 Acres
Price / SF$497.51
Days on Market61
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Property Features for 1629 Decatur Street
General Information
Standard status
Active
Size
3,616 SF
Lot size
0.11 Acres
Property subtype
Mixed Use
Listing Agency:
Century 21 Achievers
Listed By:
Gary Roger
(718) 758-0600
Source:
Prideestates
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 14 at 10:58PM
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 Century 21 Achievers
Investment Insights
Based on property information with market context.
Located at 1629 Decatur Street in Ridgewood, this mixed-use property combines a two-family residential component with commercial workspace. The residential layout includes a four-bedroom, one-bath unit above a three-bedroom, one-bath unit, along with a full finished basement. The residential portion was completely renovated and is delivered vacant.
The commercial area is currently configured as a fabrication shop. The property occupies a 5,000-square-foot lot and contains 3,616 square feet of property space. A private driveway provides parking for at least four cars, complemented by a detached garage. Transit access includes the B20 and B26 bus routes and the L train.
The commercial area is currently configured as a fabrication shop. The property occupies a 5,000-square-foot lot and contains 3,616 square feet of property space. A private driveway provides parking for at least four cars, complemented by a detached garage. Transit access includes the B20 and B26 bus routes and the L train.
Key Highlights
- Two‑family layout with four‑bedroom and three‑bedroom units, each with one bath
- Full finished basement included in the residential portion
- Commercial area currently configured as a fabrication shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,391
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,820
$1.8M
Cap Rate 7%
$1,262,729
$1.3M
Cap Rate 9%
$982,122
$982.1K
Market Conditions
NOI Build-Up for 3,616 SF
Gross rent
$167.1K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.7K $44.44/SF
− OpEx
−$72.3K −$20.00/SF
NOI
$88.4K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,820
Cap Rate 7%
$1,262,729
Cap Rate 9%
$982,122
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,391 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$855.0K
$748.1K – $997.5K
NOI $59,851 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,603 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,877
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-family residential space accompanies a fabrication shop, finished basement, private parking, and detached garage.
Where is this mixed-use property located?
The property is located at 1629 Decatur Street 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: Two‑family layout with four‑bedroom and three‑bedroom units, each with one bath; Full finished basement included in the residential portion; Commercial area currently configured as a fabrication shop
