Buy with Yoreevo
$2,259,750
List Price: $2,300,000
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62-42 Forest Avenue
House in Ridgewood •  building info
studio • 7,100ft² $324 per ft²
Buy with Yoreevo

$2,259,750

List Price

$2,300,000

Key Details
Days on market
4
Last price change
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Estimated payment
$15,078/mo
Taxes
$2,667/mo
Maintenance
N/A
Description
62-42 Forest Avenue, Ridgewood is an excellent mixed-use investment or owner-user opportunity located at the busy intersection of Forest Avenue and Metropolitan Avenue in Ridgewood, Queens. This property offers approximately 6,300 square feet of total space and benefits from strong foot traffic and convenient access to public transportation. The first floor features two commercial units: A vacant space of over 3,000 square feet, ideal for a wide range of uses such as retail store, supermarket, restaurant, or other commercial ventures. A second unit of approximately 850 square feet, currently occupied by pharmacy. The second floor consists of two residential units, both fully occupied: One 3-bedroom, 1.5-bath apartment One 1-bedroom, 1-bath apartment INVESTMENT HIGHLIGHTS * Prime corner location with high visibility * Strong foot traffic and active retail corridor * Value-add opportunity with large vacant commercial space * Ideal for investor or owner-user * Stable residential income * Convenient access to public transportation This property presents strong income potential with a mix of stable residential tenants and commercial upside through the large vacant retail space. Its prime corner location and high visibility make it attractive for both investors and owner-users seeking long-term growth and value.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,300,000
Asking Price: $2,300,000
Term
30 Years
Down Payment
$230,000 (10%)
Min: 10% (230,000)
Rate
6.0 %
Mortgage Amount
$2,070,000
Mortgage Payment
$12,411
Taxes
$2,667
Estimated Yoreevo rebate
$40,250
Estimated closing cost
$85,000
Total monthly cost $15,078
Buy your dream home with us and get an estimated $40,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Trademarko Realty Inc

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