Updated 10 months ago
Off Market
564-566 Grandview Ave
Ridgewood, Queens | Bleecker Street & Menahan Street
20 Rooms8 Beds6 Baths6,819 Square FeetMixed Use
$2,999,000
floors / apts3 / 6
Built Size36'6"x95'
Building TypeLow-Rise
RE Taxes$16,308
Price Per SF
$440
Outdoor space and views
- Garden [49'x18']
Building Amenities
- Voice Intercom
- Garden
Property Description for 564-566 Grandview Ave
Investment Opportunity: Two Mixed-Use Buildings on Grandview Ave in Ridgewood, Queens
A rare gem awaits in the heart of Ridgewood, Queens, with two side-by-side mixed-use buildings featuring street-level commercial space and residential units above. Located at 564 & 566 Grandview Ave, this property offers 36.6 feet of frontage on one of the neighborhood's most vibrant streets.
Key Features:
Ridgewood, Queens is a rapidly developing area that has attracted a variety of new businesses, with a mix of residential, commercial, and creative spaces sprouting up throughout the neighborhood. This location, with easy access to local parks and hot spots, is poised for continued growth. Whether you're looking to capitalize on the current income stream, expand your real estate portfolio, or create your own unique space, these buildings offer a tremendous range of opportunities.
Property Overview:
Contact us today to schedule a viewing and explore the incredible potential of 564 & 566 Grandview Ave.
A rare gem awaits in the heart of Ridgewood, Queens, with two side-by-side mixed-use buildings featuring street-level commercial space and residential units above. Located at 564 & 566 Grandview Ave, this property offers 36.6 feet of frontage on one of the neighborhood's most vibrant streets.
Key Features:
- Prime Location: In the midst of significant growth and development, just down the street from Windjammer and across from Grimaldi Bakery, with fantastic access to trendy local spots like Katan Cafe, Rolo's, Bushwick Bark, Grover Cleveland Playground and Gottscheer Hall.
- Commercial Space: A double-wide, approximately 2,500 square foot commercial space, with soaring ceilings and original tin details, and two cellars below. The space supports Light Manufacturing use and is ideal for a creative studio, craft brewery, coffee roaster, or similar ventures. 566 Grandview is built to the back of the 95 foot deep lot, while 564 Grandview is built 55 feet deep and offers a charming garden space that gets abundant natural light from the North.
- Residential Units: The two buildings offer four spacious, floor-through residential units, each featuring one or two bedrooms plus a home office. The apartments, measuring approximately 850 square feet each, have tremendous upside potential.
- Potential: Zoned R6B, with a Certificate of Occupancy in place, this building is ideal for developers, end-users, or investors. With low annual taxes ($16,308), the opportunity for future redevelopment or owner-occupied business space is significant.
Ridgewood, Queens is a rapidly developing area that has attracted a variety of new businesses, with a mix of residential, commercial, and creative spaces sprouting up throughout the neighborhood. This location, with easy access to local parks and hot spots, is poised for continued growth. Whether you're looking to capitalize on the current income stream, expand your real estate portfolio, or create your own unique space, these buildings offer a tremendous range of opportunities.
Property Overview:
- Address: 564 & 566 Grandview Ave, Ridgewood, Queens
- Total Square Footage: 6,819 sq. ft.
- Building Dimensions: 36.6 ft of street frontage, 95 foot deep lots.
- Zoning: R6B, Light Manufacturing and Residential
- CofO: In place
- Annual Taxes: $16,308
- Current Use: Commercial seamstress business on the first floor; residential units above
Contact us today to schedule a viewing and explore the incredible potential of 564 & 566 Grandview Ave.
Building Details for 564-566 Grandview Ave
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/6
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: 98595TH
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