Listing Courtesy of Crifasi Realty Associates Inc
$3,200,000
Potential Rebate: $48,000
Located just two blocks from the MyrtleWyckoff L/M subway station, a major neighborhood hub, the location offers strong visibility and connectivity within one of Queens most dynamic retail and residential corridors. One of the commercial spaces may have exclusive access to the backyard and basement, making it especially attractive for businesses or professionals seeking privacy and flexibility. This setup is ideal for an end user looking to occupy a space while collecting additional income, or for an investor seeking stable returns with upside potential. The residential units are currently rented below market, offering a clear path to increased income over time. Zoned C4-3A, the property has 2,668 square feet of unused FAR, presenting a potential opportunity to add up to two additional floors, subject to approvals. Importantly, the property is not within the Ridgewood Historic District, so there are no facade restrictions, allowing for greater design and development flexibility. Surrounded by some of Ridgewoods most loved destinationsincluding Julias, Rolos, Topos Bookstore Café, and TV Eyethis location benefits from a strong, growing local culture and steady demand. Whether you're looking for a long-term hold with development potential or a space to both operate and invest, this building checks all the boxes. Doctor Office: $3,700 projected rent Dentist Office $3,700 3% increase lease expires January 1, 2026, 10 year lease Apt 2L $2,400, 3 bedroom, 1 bath, railroad, no lease Apt 2R $2,200, 3 bedroom, 1 bath railroad, no lease Apt 3L $2,400, 3 bedroom, 1 bath, railroad, no lease Apt 3R $2,200, 3 bedroom, 1 bath, railroad, no lease Estimated Expenses: Fuel: $8,496. Water & Sewer: $2,593 Insurance: $3,600 Common Area Electric: $2,458 (includes Doctors Office) Boiler Inspection: $400<br><br><br><br><br><br>
$17,523 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$48,000
Monthly savings impact
$133/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Crifasi Realty Associates Inc
Data Source: TRESTLE #RLS20040528


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