Mixed-Use Property with Medical
58-05 69th Avenue, Ridgewood, NY 11385
For Sale
$1,528,000
Separate utility meters and boilers serve each of the two units.
Property Size5,070 SF
Days on Market60
Property Features for 58-05 69th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Additional Details
Floor
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR
(718) 899-7000
Source:
Serhant
Added: Sep 9
Changed: Nov 4
Last Checked: Nov 6 at 4:08PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This semi-detached brick property combines a ground-floor medical office with a second-floor residential unit. The office has a separate entrance and direct basement access; the residence includes five bedrooms and two bathrooms. Each unit has its own utility meters and boiler. The building dates to 1901.
Subway access is available near the property, with the Seneca, Fresh Pond M, and Myrtle/Wyckoff L stations described as steps away. Shops, restaurants, and stores are one block away.
Subway access is available near the property, with the Seneca, Fresh Pond M, and Myrtle/Wyckoff L stations described as steps away. Shops, restaurants, and stores are one block away.
Key Highlights
- Ground‑floor medical office with a separate entrance and direct basement access
- Second‑floor residence with 5 bedrooms and 2 bathrooms
- Separate utility meters and boilers for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,904
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,338,080
$2.3M
Cap Rate 7%
$1,670,057
$1.7M
Cap Rate 9%
$1,298,933
$1.3M
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$212.9K $42.00/SF
− Vacancy
−$18.1K −$3.57/SF
EGI
$194.8K $38.43/SF
− OpEx
−$77.9K −$15.37/SF
NOI
$116.9K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,338,080
Cap Rate 7%
$1,670,057
Cap Rate 9%
$1,298,933
Alternative Uses
Best Use
Office B
$2.38M
$2.09M – $2.78M
NOI $166,924 @ 7.0% cap · market cap 10.92%
Second Best
Healthcare Medical
$1.67M
$1.46M – $1.95M
NOI $116,904 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,636 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,590
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Ridgewood
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate utility meters and boilers serve each of the two units.
Where is this mixed-use property located?
The property is located at 58-05 69th Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,528,000.
What are key features of this property?
This property features: Ground‑floor medical office with a separate entrance and direct basement access; Second‑floor residence with 5 bedrooms and 2 bathrooms; Separate utility meters and boilers for each unit
