Two-Story Storefront with Retail
For Sale
$1,250,000
63 E Ridgewood Ave #1, Ridgewood, NJ 07450
Ground-floor retail space includes a full basement and rear access to municipal parking.
Property Size2,600 SF
Price / SF$480.77
Days on Market513
Property Features for 63 E Ridgewood Ave #1
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Zoning
B-1
Lease Type
Modified Gross
Building Details
Building Size
2,600 SF
Year Built
1914
Stories
2
Units
2
Listing Agency:
Gilsenan & Co.
Listed By:
William F. Gilsenan Jr.
(201) 445-1600
Source:
Cammarotarealestate
Added: May 29, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:33PM
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.
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Investment Insights
Based on property information with market context.
This two-story storefront contains first-floor retail space with 10-foot ceilings, a full storage basement, and rear access to a municipal parking lot. The building has a newer facade, roof, and HVAC, and dates to 1914. Its 2,600 square feet are zoned B-1.
The property is in Ridgewood Village’s Central Business District, one block from municipal parking, Van Neste Memorial Park, and New Jersey transportation. The park hosts Village events.
The property is in Ridgewood Village’s Central Business District, one block from municipal parking, Van Neste Memorial Park, and New Jersey transportation. The park hosts Village events.
Key Highlights
- 2,600‑square‑foot storefront in Ridgewood Village’s Central Business District
- First‑floor retail with 10‑foot ceilings
- Full storage basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,111
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,220
$742.2K
Cap Rate 7%
$530,157
$530.2K
Cap Rate 9%
$412,344
$412.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$56.2K $21.60/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$53.0K $20.39/SF
− OpEx
−$15.9K −$6.12/SF
NOI
$37.1K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,220
Cap Rate 7%
$530,157
Cap Rate 9%
$412,344
Alternative Uses
Best Use
Retail
$530.2K
$463.9K – $618.5K
NOI $37,111 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,809
Businesses Nearby
151k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 28%
Shops & Services 26%
Home Improvements & Furnishings 1%
Whole Foods Market
Groceries
34,203 visits/mo
0.2 miles
Stop & Shop
Groceries
32,630 visits/mo
0.2 miles
Starbucks
Dining
10,613 visits/mo
0.2 miles
Paris Baguette
Dining
8,255 visits/mo
0.1 miles
Starbucks
Dining
6,854 visits/mo
0.2 miles
Demographics for 07450, NJ
26,007
Population
9,166
Households
2.8
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
5.8 sq mi
ZIP Area
4,484
Density / Sq Mi
$217,250
Median Household Income
$102,692
Median Earnings
$2,340
Median Rent
$882,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Ridgewood Flower Deliviry — Brookside Ave, Ridgewood, NJ 07450, United States
- Kenia's Flower Boutique — 23 E Ridgewood Ave, Ridgewood, NJ 07450
- beers flower shop — 33 oak st, ridgewood, nj 07450
- florist — 314 libby ave, ridgewood, nj 07450
Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail space includes a full basement and rear access to municipal parking.
Where is this storefront property located?
The property is located at 63 E Ridgewood Ave #1 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: 2,600‑square‑foot storefront in Ridgewood Village’s Central Business District; First‑floor retail with 10‑foot ceilings; Full storage basement
