Flex Space with Gas Warehouse
60-60 Metropolitan ave, Ridgewood, NY 11385
COMMERCIAL - Ridgewood, NY
Property size:
3,000 SFLot size:
0.07 AcresPrice / SF:
$493/SF- Added:
- Dec 5, 2025
- Days on Market:
- 210
- Last Refresh:
- Jul 3 at 9:06 pm
Property Features for 60-60 Metropolitan ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- Lot size
- 0.07 Acres
Utilities
- Heating system
- Natural Gas, Hot Water(Heating), Baseboard
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Flooring type
- Granite, Hardwood
Listing agent Young Oh Jung (917) 974-0992
Listing office EAST COAST NEW YORK 35-20 BELL BLVD, BAYSIDE, NY (718) 428-2900
Listing date Dec 5, 2025
MLS# 11617061
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- About 3,000 SF (approx) first‑floor space available for lease
- Flexible layout includes one large warehouse/open area plus one office and one bathroom
- Space includes gas service, with potential for retail uses such as deli/grocery, laundromat, pharmacy, restaurant, or urgent care
- Heating includes natural gas with hot water (heating) and baseboard heat
- Built in 1931
- Interior finishes include granite and hardwood flooring
Overview
This first-floor flex space offers an open, large warehouse-style area, with gas available in the space. The unit also includes one office and one bathroom, providing a basic layout that can support either operational back-of-house needs or front-of-house retail functions.
The property is located in the center of Ridgewood and is described as being close to major highways. The listing also notes approximately 20 minutes to Manhattan, Flushing, Long Island, and Brooklyn.
For tenants or buyers looking for a flexible footprint, the combination of a sizable open room plus existing utilities and modest office/restroom amenities can support a range of concepts, including retail uses such as a deli or grocery, laundromat, pharmacy, restaurant, or urgent care. Its straightforward configuration may also be compatible with businesses that need an adaptable floorplate rather than a highly segmented buildout.
The property is located in the center of Ridgewood and is described as being close to major highways. The listing also notes approximately 20 minutes to Manhattan, Flushing, Long Island, and Brooklyn.
For tenants or buyers looking for a flexible footprint, the combination of a sizable open room plus existing utilities and modest office/restroom amenities can support a range of concepts, including retail uses such as a deli or grocery, laundromat, pharmacy, restaurant, or urgent care. Its straightforward configuration may also be compatible with businesses that need an adaptable floorplate rather than a highly segmented buildout.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.2k | $50.40 |
| − Vacancy | −$19.5k | −$6.50 |
| EGI | $131.7k | $43.90 |
| − OpEx | −$32.9k | −$10.97 |
| NOI | $98.8k | $32.92 |
3,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.65M
NOI $98,771 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Gottscheer Hall — 657 Fairview Ave, Queens, NY 11385
- Visiting NP in Family Health, PLLC — 385 Seneca Ave, Ridgewood, NY 11385
- DiMarco's Caterers — 66-03 Myrtle Ave, Glendale, NY 11385
- Margarets Catering — 17-21 Madison St, Flushing, NY 11385
- Mysterious Sweet Creations — 1881 Putnam Ave, Ridgewood, NY 11385
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.903157
- Latitude
- 40.712548
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - First-floor flex space with gas, a large open area, office, and restroom, suited for retail or light distribution.
Where is this flex space located?
The property is located at 60-60 Metropolitan ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: About 3,000 SF (approx) first‑floor space available for lease; Flexible layout includes one large warehouse/open area plus one office and one bathroom; Space includes gas service, with potential for retail uses such as deli/grocery, laundromat, pharmacy, restaurant, or urgent care
