Description

Contact the listing broker Adis Kolenovic directly at Kole Group for more information or to schedule a viewing. Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2, 100, 000. The building features two oversized 1, 200 sq ft each, four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1, 200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income.Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations.Highlights:3, 600 sq ft gross building area + 1, 200 sq ft finished basement + 600 sq ft garagesUpdated mechanicals with separated gas and electricRadiator heat, gas hot water, and window AC unitsZoning: R6B/C1-4Lot size: 20.33’ x 90’ (1, 830 sq ft)Don’t miss this unique opportunity to own a turn-key property in one of Queens’ most vibrant submarkets.