Mixed-Use Building with House of
For Sale
$899,000
Pending
523 Ridgewood Avenue, Brooklyn, NY 11208
Mixed-use property with a rented worship space plus two apartments, offering live/work flexibility in Cypress Hills.
Property SizeContact for details
Days on Market654
Property Features for 523 Ridgewood Avenue
General Information
Standard status
Pending
Property subtype
Commercial
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,704
Building Details
Year Built
1899
Tenancy
Multi
Listing Agency:
PRIME REALTY
Listed By:
JOHN AMORE · License #L3543964
(718) 229-2922
Source:
Corcoran
Added: Nov 22, 2024
Changed: Sep 6
Last Checked: Sep 6 at 7:11AM
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 PRIME REALTY
Investment Insights
Based on property information with market context.
This mixed-use building includes a commercial space currently rented as a House of Worship with a full basement. The layout provides separate residential units upstairs, with a one-bedroom apartment in the front and a generously sized two-bedroom apartment in the rear.
The property is centrally located in Cypress Hills near subway and bus access, with shopping within the surrounding area. Its mixed-use configuration makes it suitable for an owner seeking both income-producing space and residential living.
For tenants and buyers, the combination of an operating worship use and two apartments can support a range of ownership objectives, from maintaining a current commercial tenant to adding residential occupancy in the upper floors. The full basement adds additional functional space within the overall building configuration.
The property is centrally located in Cypress Hills near subway and bus access, with shopping within the surrounding area. Its mixed-use configuration makes it suitable for an owner seeking both income-producing space and residential living.
For tenants and buyers, the combination of an operating worship use and two apartments can support a range of ownership objectives, from maintaining a current commercial tenant to adding residential occupancy in the upper floors. The full basement adds additional functional space within the overall building configuration.
Key Highlights
- Mixed‑use building in Cypress Hills with a commercial space currently rented as a House of Worship
- Commercial space includes a full basement
- Upstairs front unit is a 1‑bedroom apartment
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Mixed-use property with a rented worship space plus two apartments, offering live/work flexibility in Cypress Hills.
Where is this church & religious facility located?
The property is located at 523 Ridgewood Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Mixed‑use building in Cypress Hills with a commercial space currently rented as a House of Worship; Commercial space includes a full basement; Upstairs front unit is a 1‑bedroom apartment
