63-07 Fresh Pond RD Active Save Request In-Person Tour Request Virtual Tour
Ridgewood,NY 11385
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY840182
Year Built 1947
Annual Tax Amount $26,558
Property Sub-Type Industrial
Property Description
Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!! The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, Waiting Room, High 30' Ceilings, (4) 22' Roll-Up Doors, 4 Skylights, Private Office, 3 Phase Power, All New LED Lighting, Accessible Bathroom, Sprinklers, A/C, +++!!! The Property Had A Brand New Roof Installed In 2023!!! The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!! The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!! Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin', Petco, Pep Boys, Raymour & Flanigan, Taco Bell, Wendy's, McDonald's, Carvel, Lidl, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Truck & Auto Repair Shop (8,800 Sqft.): 184,644 Ann.; 3% Ann. Inc.; Lease Exp.: 8/21/32.
2nd Floor Office (400 Sqft.): $24,000 Ann. (Available)
Pro Forma Gross Income: $208,644 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Snow & Landscape: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $2,300 Ann.
Taxes: $26,558.48 Ann.
Total Expenses: $29,108.48 Ann. Pro Forma Net Operating Income (NOI): $179,535.52 Ann.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Multi Units
Exterior
Utilities Available Sewer Available
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Block,Other
Others
Special Listing Condition None