342 Ridgewood Avenue, New York City, NY 11208
Listing Courtesy of Batra Group Inc
$2,300,000
Potential Rebate: $57,500
Overview
5 Residential Units - x4 w/2 bedrooms, x1 w/ 1 bedroom, all 1 bath<br><br>1 Retail Space Unit<br><br>1 Restaurant Space Unit<br><br>Property is currently used as owner user. The property owner manages the restaurant and collects rent on 5 residential apartments, and retail space on the ground floor. Current owner has invested a significant amount of capital to update all of the entire building: Updated apartment units: floors, kitchens, paint, hallways and common areas, lighting, roof, heating and cooling. Owner has invested heavily in the brand new restaurant recently opened featuring: brand new kitchen, counter top food warmer, full size hood, convection ovens, stove tops, grill, prep station, rotisserie oven, basement storage, walk-in refrigerator, walk-in freezer. Dining room seats up to 32 guests, includes 16 -2 person tables. Brand new bathroom. Office space and top of the line security system. All units are rented under market value.
Home Features
- •See Remarks
- •Building Garden
- •Private Outdoor Space Under 60 Sqft
Estimated Monthly Payment
$13,091 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$57,500
Monthly savings impact
$160/mo
Effective Purchase Price
$2,242,500
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Batra Group Inc
Data Source: TRESTLE #RLS20064003
RLS at REBNY
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Listings
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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Batra Group Inc
Data Source: TRESTLE #RLS20064003
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 342 Ridgewood Avenue against the surrounding Cypress Hills market.
Average List Price
Price Per SqFt
25.12% Higher
than the Cypress Hills price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Cypress Hills.
Cypress Hills
Overview of Cypress Hills
Cypress Hills is hilly and green. For buyers seeking Cypress Hills Brooklyn real estate, it offers views.
Living in Cypress Hills is quiet. As a Brooklyn NYC neighborhood, it is elevated.
Real Estate
Homes for sale in Cypress Hills are detached Victorians.
Lifestyle
The lifestyle is family-centric.
Transportation
J/Z trains.
Amenities
Highland Park.
Best For
Families.
