Property Details

Overview

Presenting a prime mixed-use opportunity in the heart of Ridgewood, NY. This corner brick building, located at DeKalb Avenue and Onderdonk Avenue, features a 1, 500 sq. ft. ground-floor Use Group 4 medical office currently leased for $4, 200 per month on a 10-year lease with 3% annual increases and its own central A/C. The second floor offers two spacious two-bedroom, two-bath apartments, each paying $2, 200 per month with tenants responsible for all utilities. Both units are currently without leases, creating flexibility for new ownership. Included in the offering is the adjoining property at 18-60 DeKalb Avenue, a two-story structure with three garages renting for $300 each per month and a two-bedroom apartment above earning $2, 000 per month. Together, the properties generate a gross annual income of $138, 000 with significant upside potential as the residential units are unleased. Conveniently situated just four blocks from the DeKalb L train and close to Wyckoff Hospital, the property benefits from excellent accessibility. The vibrant Bushwick dining scene, eclectic nightlife, and Ridgewood’s neighborhood charm add to the appeal, making this an outstanding opportunity for investors or end-users alike.