$1,499,000
Updated 8 months ago
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66-42 Forest Ave

Ridgewood, Queens | Woodbine Street & Palmetto Street

8 Rooms4 Beds4 Baths4,000 Square FeetMixed Use

$1,499,000
floors / apts3 / 2
Lot Size22'5"x87'
Built Size22'5" wide
ZoneR6B
Building TypeLow-Rise
RE Taxes$12,791
Price Per SF
$375

Listing Features

  • Oil Heat
  • Window AC Units

Property Description for 66-42 Forest Ave

Charming Mixed-Use Property in the Heart of Ridgewood, Queens Discover an exceptional investment opportunity in vibrant Ridgewood, Queens! This well-maintained mixed-use property offers the perfect blend of commercial and residential space, situated in a thriving neighborhood just moments from local amenities and public transportation. Property Highlights: ? Commercial Space: Approximately 2,000 square feet, currently functioning as a medical office. The storefront boasts a welcoming entrance, making it an ideal space for various businesses. The large layout allows for multiple treatment rooms, reception areas, and potential customization to suit your needs. ? Residential Units: Two spacious apartments, each approximately 1,000 square feet. Each apartment features comfortable living spaces, providing an inviting atmosphere for tenants. The well-designed layouts include two bedrooms, a kitchen, and a living area, perfect for families. Both units are currently occupied by reliable tenants on flexible monthly leases, providing immediate rental income. ? Prime Location: Located on the bustling Forest Avenue, this property enjoys high pedestrian traffic and excellent visibility. Ridgewood is known for its eclectic mix of dining, shopping, and recreational options, with easy access to public transportation, making it a highly sought-after area for both businesses and residents. ? Investment Potential: This mixed-use property presents a rare opportunity for investors or owner-occupants looking to benefit from a steady income stream while having the option to operate their business on-site. With potential for lease renewals or adjustments, you can maximize your return on investment.

Building Details for 66-42 Forest Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Forest Av
0.14 miles
Seneca Av
0.35 miles
Fresh Pond Rd
0.38 miles

Citi Bike

Madison St & Forest Ave
0.07 miles
Madison St & Woodward Ave
0.17 miles

Contact Agent

Contact Agent

Licensed As
Avi Ivatorov
Salesperson
License#:
10401367031
Company:
MYNY Residential
Avi Ivatorov
MYNY Residential

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: 94693TH