Financial
Distress signals
Property profile

6241 Forest Ave Ridgewood, NY 11385

FOR LEASE
Retail space
Property ID
US63-4034900
8,259 SF 0.6 ac lot Built 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial space located in Ridgewood, New York, with approximately 4,582 gross square feet of divisible area. It was constructed in 2016 and is configured as a white-box interior with an HVAC system installed. The layout is divisible and includes three separate entrances, two well-maintained bathrooms, and a designated parking spot. The building has approximately 58 feet of frontage along the street. The property is situated near the L and M subway lines and Metropolitan

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?
$63k
Tax billed · 2024
Assessed value$612k
Assessed land$80k
Assessed improvement$532k
Effective rate10.35%

Value estimate

· Sep 2026
$475k
$428k – $523k
CAP approach$2.27M
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$17k
Operating expenses−$30k
NOI · 689.71% cap applied$69k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$741/SF
Submarket average, outlier-cleaned · 185 recorded sales of this use type
Observed band · Q1–Q3$448 – $1,322
Qualifying comparables15

Cap rate analysis

How does the asset earn?
689.71%
$69k 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 Firm59.0
Realty agency35.0
Parking Facility26.1

Location

6241 Forest Ave Ridgewood, NY 11385
County assessor Recorded deeds · not on file 15 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
749 Wyckoff, Flushing, NY 11385-2731 $37,000,000 Aug 2025 7,621 SF
5420 Myrtle, Flushing, NY 11385-3453 $37,000,000 Aug 2025 6,400 SF
6113 Metropolitan, Flushing, NY 11385 $15,478,060 Aug 2024 13,482 SF
583 Grandview, Flushing, NY 11385-2453 $8,662,500 Feb 2024 10,000 SF
7132 Myrtle, Flushing, NY 11385 $1,300,000 Oct 2022 4,879 SF
5723 Myrtle, Flushing, NY 11385-4933 $4,900,000 Jun 2021 13,218 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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