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    Property profile & analytics

    88 Godwin Ave Ridgewood, NJ 07450

    • Commercial real estate
    • 0.37 lot acres
    For Sale
    View listing
    $250,000
    Value Estimation
    Location Intelligence
    Property ID
    US59-0171168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hama Korean Cuisine / Korean Restaurant / Soup Restaurant
    • F&V LLC - Carpet Restoration And Rug Cleaning / Carpet Cleaning Service
    • Santoni's Pizzeria and Restaurant / Italian Restaurant / Delivery Restaurant
    • LLC Smoke Cleaners / Home Help Service Agency
    • Pressed Fashion & Fabric Care / Dry Cleaner

    Property Details for 88 Godwin Ave

    Year built
    1961
    Lot size
    0.37 lot acres
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    51 02205-0000-00009- 01
    APU
    510220500000000901

    Description

    This exceptional business opportunity presents a fully equipped Korean/Japanese restaurant located at 88 Godwin Avenue in the vibrant town of Ridgewood, New Jersey. Priced at $250,000, this turnkey operation offers immediate potential for a new owner. The sale includes all fixtures and equipment, eliminating the significant start-up costs associated with opening a new restaurant. The restaurant's existing setup allows for a seamless transition, minimizing disruption and maximizing profitability from day one. The property's location is a key asset, situated in a high-traffic area with excellent visibility and accessibility. This presents a unique chance to acquire a well-established business in a desirable location, ready to generate income immediately. The sale price includes all existing equipment and fixtures, making this a truly turnkey operation. Serious inquiries are encouraged to schedule a private viewing and explore this lucrative investment opportunity. Don't miss this chance to own a thriving restaurant in a prime Ridgewood location. The property is offered as a business opportunity and does not include land ownership.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1238
    Latitude
    40.9785
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $29,995
    $888,300
    $209,200
    $1,097,500
    -
    $888,300
    $209,200
    $1,097,500

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    88 Godwin Ave
    Ridgewood, NJ 07450
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    Realmo Value Estimation

    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.

    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.

    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
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