519 Fairview, Ridgewood, NY 11385

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$1,250,000
$100K
Active for Sale
 
Listing ID 11343622
Property Type Multi-Unit
County Queens
Township Ridgewood
Neighborhood Ridgewood
FEMA Flood Map fema.gov/portal
Year Built 1920
   
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PRIME RIDGEWOOD CORNER GARAGE BUILDING • DEVELOPMENT OPPORTUNITY

Prime Ridgewood location-one of the most sought-after and fast-growing neighborhoods in New York Lot size: 25' by 95' (approx 2,375 square feet) Building dimensions: 25' by 95' Approximately 2,000 square feet 10 garages Maximum buildable floor area: 4,750 square feet 2,755 square feet of unused air rights on existing garage building Potential to build up to 7 units with parking Condos in the area sell for around $1,100 per square foot, with a potential gross income of $5,225,000 (contact us for comparable sales) Area rentals average $62 per square foot annually, offering a projected gross income of $300,000 per year
Property Details
  • 2000 SF
  • 2375 SF Lot
  • Built in 1920
  • 1 Story
Exterior Features
  • Attached Garage
  • 10 Garage Spaces
Listed By
EVERGREEN REALTY & INVESTMENTS
Office: 646-838-1378
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