$1,550,000
Updated 5 years ago
Off Market

516 Grandview Ave

Ridgewood, Queens | Greene Ave & Bleecker Street

9 Rooms5 Beds3.5 Baths3,000 Square FeetMixed Use

$1,550,000
floors / apts2 / 3
Lot Size25'x95'
ZoneR6B
Building TypeLow-Rise
RE Taxes$9,468
Price Per SF
$517

Building Amenities

  • Voice Intercom

Property Description for 516 Grandview Ave

Introducing 516 Grandview Ave, this corner mix use building is located in Red Hot Ridgewood. Built on 25 x 95 lot with a footprint of 25 x 60, yielding 1500 sq ft on each floor with high ceiling windowed basement. Currently being used as income producing laundromat and 3 residential apartments. Property is being sold with the business. Ground floor is occupied with laundromat. One of the 3 apartment is recently renovated and located at the rear of the building, features brand new hardwood floor, brand new kitchens and bathrooms. Remaining 2 apartment are currently located on top floor and currently occupied with the tenant. This corner building has great potential, could be a great investment for a savvy investors or for somebody to use as a live work space. he property is located only one block from Governor Cleveland Playground, a short walk from L train at Dekalb ave stop. This part of Ridgewood is saturated with tons of eateries, cafes, bars, restaurants and supermarkets.

Listing History for 516 Grandview Ave

Now
04/30/2021
POM by Kashif Khan
Compass
2021

Building Details for 516 Grandview Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1917
Floors/Apts2/3
Learn More About the Building

Transit and Citi Bike

Subway

Forest Av
0.4 miles
Seneca Av
0.45 miles

Citi Bike

Greene Ave & Grandview Ave
0.04 miles
Bleecker St & Forest Ave
0.14 miles

Contact Agents

Contact Agents

Alex yu
Compass

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 77878TH