Updated 4 days ago
In contract

342 Ridgewood Ave

Cypress Hills, Brooklyn | Richmond Street & Chestnut Street

9 Rooms9 Beds5 Baths3,604 Square FeetMixed Use

$1,400,000
floors / apts3 / 5
Lot Size31'x100'
Built Size21'x65'
ZoneR4
Building TypeLow-Rise
RE Taxes$20,705
Price Per SF
$388

Building Amenities

  • Voice Intercom
  • Alarm System
  • Garage

Property Description for 342 Ridgewood Ave

5 Residential Units - x4 w/2 bedrooms, x1 w/ 1 bedroom, all 1 bath

1 Retail Space Unit

1 Restaurant Space Unit

Property is currently used as owner user. The property owner manages the restaurant and collects rent on 5 residential apartments, and retail space on the ground floor. Current owner has invested a significant amount of capital to update all of the entire building: Updated apartment units: floors, kitchens, paint, hallways and common areas, lighting, roof, heating and cooling. Owner has invested heavily in the brand new restaurant recently opened featuring: brand new kitchen, counter top food warmer, full size hood, convection ovens, stove tops, grill, prep station, rotisserie oven, basement storage, walk-in refrigerator, walk-in freezer. Dining room seats up to 32 guests, includes 16 -2 person tables. Brand new bathroom. Office space and top of the line security system. All units are rented under market value.

Listing History for 342 Ridgewood Ave

Now
08/10/2026
Contract Signed by Jay Batra
Batra Group
05/11/2026
$1,400,000 [-$500,000] [26.3%]
Price Drop by Jay Batra
Batra Group

Building Details for 342 Ridgewood Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

Crescent St
0.15 miles
Norwood Av
0.3 miles
Cypress Hills
0.42 miles
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: 104129TH