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$ 2,400,000
Est. payment /mo
Active
568 Grandview AVE Ridgewood, NY 11385
1,733 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 921216
Rental Info No
Year Built 1917
Annual Tax Amount $17,537
Lot Size 1,733 Sqft
Acres 0.0398
Property Sub-Type Multi Family
Source onekey2
Property Description
Incredible opportunity to own a turnkey, income-producing mixed-use brick building in one of Queens' most desirable and rapidly appreciating neighborhoods.
PROPERTY HIGHLIGHTS:
* Zoning: R6B – Residential zoning allows for potential future development or expansion (consult architect)
* Corner Lot – Excellent exposure and street visibility on a bustling Ridgewood intersection
* 3 Residential Units – Fully leased with stable tenants and strong rent roll
* 1 Ground-Floor Retail Unit – High-visibility storefront, ideal for continued commercial use
* 4 Private Garages – Rare in the area; great for owner use or additional rental income
Investment Summary:
This is a true turnkey investment offering immediate cash flow and long-term upside in a high-demand rental market. Perfect for 1031 exchange buyers, investors, or owner-users looking for mixed-use flexibility.
PROPERTY HIGHLIGHTS:
* Zoning: R6B – Residential zoning allows for potential future development or expansion (consult architect)
* Corner Lot – Excellent exposure and street visibility on a bustling Ridgewood intersection
* 3 Residential Units – Fully leased with stable tenants and strong rent roll
* 1 Ground-Floor Retail Unit – High-visibility storefront, ideal for continued commercial use
* 4 Private Garages – Rare in the area; great for owner use or additional rental income
Investment Summary:
This is a true turnkey investment offering immediate cash flow and long-term upside in a high-demand rental market. Perfect for 1031 exchange buyers, investors, or owner-users looking for mixed-use flexibility.
Location
State NY
County Queens
Rooms
Basement Partially Finished, Storage Space
Interior
Heating Hot Water
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Utilities Available Cable Connected, Electricity Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Ps 71 Forest
Middle Schools Is 93 Ridgewood
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
Listed by eXp Realty • Benjamin Turk