Retail Space with Multiple
For Sale
Contact for pricing
6241 Forest Avenue, Ridgewood, NY 11385
A divisible white-box interior includes HVAC, two bathrooms, and three separate access points.
Property Size3,862 SF
Price / SF$2.59
Days on Market67
Property Features for 6241 Forest Avenue
General Information
Standard status
Active
Size
3,862 SF
Additional Details
Condition
Built-Out
Public Transit
Yes
Property Use
Office, Retail, Bars and Restaurants
Amenities
two well-maintained bathrooms
HVAC system
three separate entrances
divisible open layout
Building Details
Year Built
2016
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
Listed By:
Emma Barattini
(646) 838-1378
Source:
Gosenproperties
Added: Aug 24
Changed: Oct 28
Last Checked: Oct 28 at 4:48PM
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 EVERGREEN REALTY & INVESTMENTS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,862-gross-square-foot retail space was built in 2016 and has an open, divisible layout. The white-box interior is served by HVAC, with two bathrooms and three separate entrances. Its 58-foot frontage adds a substantial street-facing presence.
The property is near Metropolitan Avenue, with access to the L and M subway lines. Multiple schools and Grover Cleveland Playground are also nearby.
The property is near Metropolitan Avenue, with access to the L and M subway lines. Multiple schools and Grover Cleveland Playground are also nearby.
Key Highlights
- 3,862 gross sq. ft. of divisible retail space
- 58 ft. of frontage
- Three separate entrances support flexible layout options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,937
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,740
$1.4M
Cap Rate 7%
$984,814
$984.8K
Cap Rate 9%
$765,967
$766.0K
Market Conditions
NOI Build-Up for 3,862 SF
Gross rent
$115.9K $30.00/SF
− Vacancy
−$17.4K −$4.50/SF
EGI
$98.5K $25.50/SF
− OpEx
−$29.5K −$7.65/SF
NOI
$68.9K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,740
Cap Rate 7%
$984,814
Cap Rate 9%
$765,967
Alternative Uses
Best Use
Retail
$984.8K
$861.7K – $1.15M
NOI $68,937 @ 7.0% cap · market cap 689.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,298 @ 7.0% cap · market cap 1,993.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,771
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 39%
Groceries 5%
Home Improvements & Furnishings 4%
McDonald's
Dining
26,349 visits/mo
0.3 miles
Wendy's
Dining
22,550 visits/mo
0.3 miles
TD Bank
Shops & Services
15,017 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,192 visits/mo
0.1 miles
Citgo
Shops & Services
11,444 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A divisible white-box interior includes HVAC, two bathrooms, and three separate access points.
Where is this retail space located?
The property is located at 6241 Forest Avenue Ridgewood, NY.
What are key features of this property?
This property features: 3,862 gross sq. ft. of divisible retail space; 58 ft. of frontage; Three separate entrances support flexible layout options
