Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    63 E Ridgewood Ave Ridgewood, NJ 7450

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Two-story retail building in the heart of the village.

    Property size:
    2,600 SF
    Added:
    May 29, 2025
    Days on Market:
    308
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 63 E Ridgewood Ave

    General Information

    Standard status
    Active
    Size
    2,600 SF

    Building Details

    Year Built
    1914

    We can help!

    Listing Contact
    WILLIAM F. GILSENAN JR.

    Listing agent WILLIAM F. GILSENAN JR.

    Listing office GILSENAN & CO.

    Listing date May 29, 2025

    Source Corcoran

    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 GILSENAN & CO.

    Overview

    Retail Space in Central Business District

    This two-story retail building is situated in a prime location within the heart of the Village Central Business District. The property is located one block from municipal parking, Van Neste Memorial Park, the location of numerous Village Events, and NY Transportation. The building features a newer facade, roof, and HVAC system. The first-floor retail space offers 10-foot high ceilings, a full storage basement, and rear access opening to a municipal parking lot. The property has a size of 2,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DUXIANA Ridgewood Furniture & Home Goods

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1184
    Latitude
    40.9797

    Nearby Similar for Sale

    • $840,000

      Ridgewood Multi-Family Investment Opportunity

      Charming multi-family home with strong rental potential in Ridgewood.
      374 Broad Street, Ridgewood, NJ 07450
      View Details
    • $675,000

      Renovated Home in Ridgewood, NJ

      Private, renovated 2-bedroom home in desirable Ridgewood, NJ.
      221 Lakeview Drive, Ridgewood, NJ 07450
      View Details
    • Contact for pricing
      10,788 SF

      Ridgewood Office/Medical Space Available

      Well-maintained building near downtown Ridgewood with on-site parking.
      615 Franklin Turnpike, Ridgewood, NJ 07450
      View Details
    • Contact for pricing
      10,788 SF

      Ridgewood Office/Medical Space Available

      Well-maintained building near downtown Ridgewood, ideal for office or medical use.
      615 Franklin Turnpike, Ridgewood, NJ 07450
      View Details
    • $3,000,000

      Downtown Ridgewood Investment Opportunity

      Well-maintained commercial building in downtown Ridgewood, ideal for retail/office.
      53-55 Ridgewood, Ridgewood, NJ 07450
      View Details
    • $2,500,000
      6,000 SF

      Ridgewood Office Building For Sale

      Three-story office building with elevator and ample parking.
      74 Oak St, Ridgewood, NJ
      View Details
    • $2,142,000

      Mavis Discount Tire Property

      Commercial property currently occupied by Mavis Discount Tire.
      260 Franklin Ave, Ridgewood, NJ
      View Details
    • $2,500,000

      Established Ramen Restaurant For Sale

      Successful ramen restaurant with building for sale in Ridgewood.
      40 Chestnut, Ridgewood, NJ 07450
      View Details
    • Contact for pricing
      318 SF

      Corner Office with Natural Light

      Well-appointed corner office featuring abundant natural light and new flooring.
      555 Goffle Road, #204, Ridgewood, NJ 07450
      View Details
    • $299,900

      Established Japanese Sushi Restaurant Opportunity

      Thriving sushi restaurant with 25-year history, ready for new owner.
      848 Ridgewood, Ridgewood, NJ 07450
      View Details
    • $230,000

      High-Visibility Dessert Smoothie Shop

      Dessert smoothie shop in a high-traffic area with strong sales.
      80 Ridgewood, Ridgewood, NJ 07450
      View Details
    • $1,250,000

      Prime Retail and Residential Building

      Retail space with apartment near park and transportation.
      63 Ridgewood, Ridgewood, NJ 07450
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story retail building in the heart of the village.
    Where is this retail space located?
    The property is located at 63 E Ridgewood Ave Ridgewood, NJ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime retail location in the Heart of the Village Central Business District.; One block to municipal parking and NY Transportation.; Newer facade, roof, and HVAC.
    We can help!
    Listing Contact
    WILLIAM F. GILSENAN JR.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!