Financial
Distress signals
Property profile

2-97 St Nicholas Ave Ridgewood, NY 11385

FOR SALE
Retail residential properties
Property ID
US63-3630720
7,260 SF 0.05 ac lot Built 1930
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A four-story, semi-detached mixed-use building constructed of brick and dating to 1930, located at 297 Saint Nicholas Avenue in Ridgewood near M Train and Q58 transportation and close to restaurants and shopping. The building contains six apartments plus commercial space, including a laundromat, a basement area, and one vacant store area suitable for a future commercial tenant. The residential units have had updates to kitchens, bathrooms, and flooring, and the building includes connected

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$29k
Tax billed · 2024
Assessed value$483k
Assessed land$11k
Assessed improvement$473k
Effective rate6.06%

Value estimate

· Sep 2026
$400k
$360k – $440k
CAP approach$1.44M
NOI build-up
Gross scheduled income$335k
Vacancy & credit loss−$13k
Operating expenses−$145k
NOI · 5.38% cap applied$177k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$360/SF
ZIP average, outlier-cleaned · 150 recorded sales of this use type
Observed band · Q1–Q3$284 – $448
Qualifying comparables5

Cap rate analysis

How does the asset earn?
5.38%
$177k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6B
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm98.6
Realty agency62.7
Parking Facility35.7

Location

2-97 St Nicholas Ave Ridgewood, NY 11385
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7937 Cooper, Glendale, NY 11385-7529 $1,675,000 Feb 2026 5,764 SF
5400 Myrtle, Flushing, NY 11385-3453 $37,000,000 Aug 2025 8,180 SF
1711 Linden, Flushing, NY 11385-2132 $1,545,000 Dec 2023 8,125 SF
5611 Catalpa, Flushing, NY 11385-4841 $2,000,000 Nov 2023 5,000 SF
6686 Fresh Pond, Flushing, NY 11385-3949 $4,300,000 Nov 2022 9,334 SF
7112 Fresh Pond, Flushing, NY 11385-5951 $1,600,000 Aug 2022 5,712 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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