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    Mixed-Use Property in Ridgewood Title is generated by Realmo AI

    652 Grandview Avenue, Ridgewood, NY 11385

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    For Sale
    $1,380,000

    Two residential units and one commercial unit in Ridgewood.

    Type:Commercial/Industrial
    Property size:
    3,440 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $401/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 3:52 am

    Property Features for 652 Grandview Avenue

    General Information

    Standard status
    Active
    Size
    3,440 SF
    Lot size
    0.06 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1931

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    Listing Contact
    Corey M. Winograd

    Listing agent Corey M. Winograd License #10351212923

    Listing office Corey Winograd

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Corey Winograd

    HighLights

    • Mixed‑use property featuring 2 residential units and 1 commercial unit.
    • Boasting a substantial 3440 sf of gross square footage.
    • Benefit from a two‑car garage offering 500 nsf.
    • Additional basement storage provides 800 nsf.
    • Situated on a lot with dimensions of approximately 25' x 98'.
    • Built in 1931.

    Overview

    This mixed-use property features lot dimensions of approximately 25' x 98' and a building with approximate dimensions of 25' x 68'. The two-story structure offers a gross square footage of 3440. It includes two residential units, each with 765 net square feet, and one commercial unit providing 1445 net square feet. Additional features include 800 net square feet of basement storage space and a 500 net square foot garage with space for two cars. The property is located in Ridgewood, NY.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $934.3K
    NOI $84,089 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.20M
    NOI $84,089 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.68M
    NOI $84,089 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $158.9k $46.20
    − Vacancy −$6.0k −$1.76
    EGI $152.9k $44.44
    − OpEx −$68.8k −$20.00
    NOI $84.1k $24.44
    3,440 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $84,089 @ 7.0% cap · market cap 6.09%
    Second Best
    Retail
    $877.2K
    $767.6K – $1.02M (±1% cap)
    NOI $61,404 @ 7.0% cap · market cap 4.45%
    Theoretical Best
    Office A
    $2.54M
    $2.22M – $2.96M (±1% cap)
    NOI $177,521 @ 7.0% cap · market cap 12.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.9036
    Latitude
    40.7074

    FAQs

    What type of property is this?
    Mixed-use property - Two residential units and one commercial unit in Ridgewood.
    Where is this mixed-use property located?
    The property is located at 652 Grandview Avenue Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,380,000.
    What are key features of this property?
    This property features: Mixed‑use property featuring 2 residential units and 1 commercial unit.; Boasting a substantial 3440 sf of gross square footage.; Benefit from a two‑car garage offering 500 nsf.
    More about this property
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