Average square foot calculated using Size range provided by listing agent.
Description
Contact the listing broker Adis Kolenovic directly at Kole Group for more information or to schedule a viewing. Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2, 100, 000. The building features two oversized 1, 200 sq ft each, four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1, 200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income. Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations. Highlights: 3, 600 sq ft gross building area + 1, 200 sq ft finished basement + 600 sq ft garages Updated mechanicals with separated gas and electric Radiator heat, gas hot water, and window AC units Zoning: R6B/C1-4 Lot size: 20.33’ x 90’ (1, 830 sq ft) Don’t miss this unique opportunity to own a turn-key property in one of Queens’ most vibrant submarkets.Show Description
MLS® Number878825
Laundry Level
Central VacNo
FireplaceNo
Acreage0.042
Exterior
GarageYes
Approx. Age1901
BasementFinished
Driveway
Garage Spaces
HeatNatural Gas
A/CCentral Air
Heating Fuel
Extras
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