MLS#1062532
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLQueens24
Property Description
This Mixed-use investment opportunity is located in the heart of Ridgewood. This well-maintained property features a spacious ground-floor commercial unit currently operating as a neighborhood bar, complete with a large main area, pool table section, and a separate rear room with stage-ideal for live music, private events, and gatherings. The commercial rent is $6,523 per month and increases 3% on each April 1. The lease ends on 3/31/2031. Under that lease, that tenant pays 77% of property taxes, 61% of the water charges and its heat expenses. Above the commercial space on the 2nd floor are two residential apartments providing strong rental income. Apt. 2A features an eat-in kitchen, living room, 2 bedrooms and full bath, currently rented for $2,400/month with lease expiring 8/31. Apt. 2B Will be Vacant on Title and consists of an Eik, Lr, 3 bedrooms and 1 Full bathroom, market rent is $3,800 per month. Both tenants pay their own heat, minimizing owner expenses. Also featuring a full basement, & gas heat. Located in the vibrant Ridgewood section of Queens, known for its blend of residential charm and thriving local businesses, this property offers excellent foot traffic and long-term upside. Convenient access to shopping, dining, and public transportation makes this an attractive option for both commercial and residential tenants. Ideal for investors or owner-users seeking a solid income-producing property in a prime and growing neighborhood.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Natural Gas
Lot Size: 0.05 Acres
Stories: 2.0
Taxes: $34,717
Year Built: 1930
Feature Descriptions
Building Area Total: 3875
Business Type: Bar/Tavern/Lounge
Days on Site: 2
Exterior: Wood Siding
On Market Date: 2026-10-14
Parcel Number: 03383-0041
Parking Total: 0
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Crifasi Real Estate Inc
Agency Contact: 718-821-5999
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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552 Grandview Avenue | MLS# 1062532
This commercial property located at 552 Grandview Avenue , Ridgewood, NY 11385 is currently listed for sale with an asking price of $2,175,000. Grandview Avenue is located within the Queens24 school district. Search Ridgewood real estate on www.coldwellbankerchoice.com today.