COMMERCIAL
Address: ‎552 Grandview Avenue
Zip Code: 11385
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$2,200,000
MLS # 985759
English
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Crifasi Real Estate Inc Office: ‍718-821-5999

$2,200,000 - 552 Grandview Avenue, Ridgewood, NY 11385|MLS # 985759

MLS #‎ 985759
Construction Year1930
Taxes
(per year)
$33,448
Fuel TypeGas
BasementFull basement
Bus3 min: Q39
4 min: B13, B38
5 min: Q54
7 min: Q58
8 min: B20, Q67, QM24, QM25
9 min: Q38
10 min: B57
Subway8 min: M
LIRR2.3 miles: "East New York"
2.5 miles: "Woodside"
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房屋英文概況 English Description

This Mixed-use investment opportunity is located in the heart of Ridgewood with a cap rat of 7.49%. This well-maintained property features a spacious ground-floor commercial unit currently operating as a neighborhood bar, complete with a large main area, pool table section, and a separate rear room with stage—ideal for live music, private events, and gatherings. The commercial rent is $6,523 per month and increases 3% on each April 1. The lease ends on 3/31/2031. Under that lease, that tenant pays 77% of property taxes, 61% of the water charges and its heat expenses. Above the commercial space on the 2nd floor are two residential apartments providing strong rental income. Apt. 2A features an eat-in kitchen, living room, 2 bedrooms and full bath, currently rented for $2,400/month with lease expiring 8/31. Apt. 2B consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, currently rented for 3,000/month. This tenant is on a month-to-month lease. Market rent for this unit is $3,800 per month. Both tenants pay their own heat, minimizing owner expenses. Also featuring a full basement, & gas heat. Located in the vibrant Ridgewood section of Queens, known for its blend of residential charm and thriving local businesses, this property offers excellent foot traffic and long-term upside. Convenient access to shopping, dining, and public transportation makes this an attractive option for both commercial and residential tenants. Ideal for investors or owner-users seeking a solid income-producing property in a prime and growing neighborhood.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Crifasi Real Estate Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of Crifasi Real Estate Inc

公司: ‍718-894-8700




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$2,200,000
COMMERCIAL
MLS # 985759
‎552 Grandview Avenue
Ridgewood, NY 11385


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