62-42 Forest Ave

Investment Highlights

100% Free-Market Mixed-Use Walkup Oversized Lot - Block-through to Harman Street

Executive Summary

2 Commercial Storefronts & 2 Free market apartmentsin Prime Ridgewood!Surrounded by tons of shops, restaurants & stores nearby,The building features:- 1Fl: Comm. Store Restaurant rent $7300 per month (Tenant also pays 30% of taxes)-1 FL Smaller commercial store rent $2500 (projected, empty)- Apt 1: Renovated 3BR/1BTH ($2,500mth) No lease -Monthly- Apt 3L: Renovated 1BR/1BTH ($1,500) No lease- Monthly- Yearly Expenses:- Taxes: $31,191 as of 2023- commercial tenant pays 30% So $21,191 paid by owner- Insurance: $11,000- Water/Sewer: $1,000- Gas/Heat: $1,800- Electricity: $542Potential to build up 2600 sqftCall TODAY For More Details!

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Office Office Residential Storefront Retail/Residential
• Building Size    6,725
• Building Class    C
• Year Built    1931
• Price    2,200,000
• Price Per SF    327
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.96
• Land Acres    0.16 AC