Ridgewood Mixed-Use Vacant
For Sale
Contact for pricing
Pending
71-08 Fresh Pond Rd, Queens, NY 11385
Mixed-use building in prime Ridgewood location, delivered vacant.
Property Size3,299 SF
Days on Market924
Property Features for 71-08 Fresh Pond Rd
General Information
Standard status
Pending
Size
3,299 SF
Property subtype
Mixed Use
Occupancy
100%
Net Operating Income
$132,241
Building Details
Units
3
Listing Agency:
Highcap Group
Listed By:
Anthony Volman · License #NY
Source:
Crexi
Added: Feb 25, 2024
Changed: Aug 21
Last Checked: Sep 1 at 1:24AM
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 Highcap Group
Investment Insights
Based on property information with market context.
Located in Ridgewood, Queens, this mixed-use property is situated just off Myrtle Avenue, near national retailers and the M subway line. The building encompasses 3,300 square feet, with an additional 1,100-square-foot basement and a rear yard. It features one store and two free-market apartments. The property is delivered 100% vacant and was previously owner-occupied. Classified as tax class 2A, the roof and electricity were renovated in 2023. The projected gross income is $149,000, with a net income of $132,000, representing a 7.5% CAP Rate.
Key Highlights
- Delivered 100% Vacant, offering immediate occupancy or rental income potential.
- High projected Net Income of $132k, representing a 7.5% CAP Rate.
- Prime Ridgewood Queens location near Myrtle Avenue and the M subway line.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in prime Ridgewood location, delivered vacant.
Where is this mixed-use property located?
The property is located at 71-08 Fresh Pond Rd Queens, NY.
What is the asking price?
The asking price for this property is $1,759,000.
What are key features of this property?
This property features: Delivered 100% Vacant, offering immediate occupancy or rental income potential.; High projected Net Income of $132k, representing a 7.5% CAP Rate.; Prime Ridgewood Queens location near Myrtle Avenue and the M subway line.
