Mixed-Use Income Property with
552 Grandview Ave Ridgewood, NY 11385
For Sale
$2,175,000
MULTI_FAMILY - Ridgewood, NY
Lot Size0.05 Acres
Days on Market104
Property Features for 552 Grandview Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Interior features
Entrance Foyer
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7693
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Siding
Listing Agency:
CRIFASI REAL ESTATE INC
(718) 821-5999
Listed By:
Joseph V. Crifasi
(718) 821-5999
Added: Apr 17
Changed: Jul 16
Last Checked: Jul 29 at 7:06PM
MLS# 11694223
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Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor commercial unit operating as a neighborhood bar, with a large main area, a pool table section, and a separate rear room with a stage. The building also features two residential apartments on the second floor. Apt. 2A offers an eat-in kitchen, living room, two bedrooms, and a full bath, and is currently rented with a lease expiration of 8/31. Apt. 2B will be vacant on title and includes an eat-in kitchen, living room, three bedrooms, and one full bathroom. A full basement is also included, along with gas heat.
The property is located at 552 Grandview Ave in Ridgewood, Queens. The commercial unit is under an existing lease ending 3/31/2031, with rent stated as $6,523 per month and increasing 3% each April 1. Under the commercial lease, the tenant pays 77% of property taxes, 61% of water charges, and its heat expenses, while both residential tenants pay their own heat.
Commercial and residential space share the building improvements, creating an income-producing setup with separate rental streams and utility responsibility split for heat.
The property is located at 552 Grandview Ave in Ridgewood, Queens. The commercial unit is under an existing lease ending 3/31/2031, with rent stated as $6,523 per month and increasing 3% each April 1. Under the commercial lease, the tenant pays 77% of property taxes, 61% of water charges, and its heat expenses, while both residential tenants pay their own heat.
Commercial and residential space share the building improvements, creating an income-producing setup with separate rental streams and utility responsibility split for heat.
Key Highlights
- Mixed‑use property in Ridgewood with a ground‑floor commercial unit and two residential apartments on the 2nd floor
- Commercial unit currently operates as a neighborhood bar; rent is $6,523/mo with 3% increases each April 1
- Commercial lease ends 3/31/2031; tenant pays 77% of property taxes, 61% of water charges, and its heat expenses
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with a ground-floor bar and two residential apartments above, plus a full basement and gas heat.
Where is this duplex located?
The property is located at 552 Grandview Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Mixed‑use property in Ridgewood with a ground‑floor commercial unit and two residential apartments on the 2nd floor; Commercial unit currently operates as a neighborhood bar; rent is $6,523/mo with 3% increases each April 1; Commercial lease ends 3/31/2031; tenant pays 77% of property taxes, 61% of water charges, and its heat expenses
