20-17 Grove St, Ridgewood, NY 11385
Mixed-use property featuring garage, office space, and development potential.
- Added:
- Oct 25, 2019
- Days on Market:
- 2447
- Last Refresh:
- May 19 at 10:28 pm
Property Features for 20-17 Grove St
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Mixed Use, Self Storage
Listing office Kaplon Belo Commercial Real Estate
Listing date Oct 25, 2019
Source Crexi
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 Kaplon Belo Commercial Real Estate
HighLights
- 12 car garage
- Finished office space
- Residential development site potential
- Unique user/developer opportunity
- Parking today
Overview
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 | $145.2k | $50.40 |
| − Vacancy | −$18.7k | −$6.50 |
| EGI | $126.4k | $43.90 |
| − OpEx | −$31.6k | −$10.97 |
| NOI | $94.8k | $32.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.911204
- Latitude
- 40.702418
