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62-42 Forest Ave 6,725 SF 100% Leased Retail Building Ridgewood, NY 11385 $3,141,018 CAD ($467.07 CAD/SF)



Executive Summary
62-42 Forest Avenue, Ridgewood is an excellent mixed-use investment or owner-user opportunity located at the busy intersection of Forest Avenue and Metropolitan Avenue in Ridgewood, Queens. This property offers approximately 6,300 square feet of total space and benefits from strong foot traffic and convenient access to public transportation. The first floor features two commercial units: A vacant space of over 3,000 square feet, ideal for a wide range of uses such as retail store, supermarket, restaurant, or other commercial ventures. A second unit of approximately 850 square feet, currently occupied by pharmacy. The second floor consists of two residential units, both fully occupied: One 3-bedroom, 1.5-bath apartment One 1-bedroom, 1-bath apartment INVESTMENT HIGHLIGHTS * Prime corner location with high visibility * Strong foot traffic and active retail corridor * Value-add opportunity with large vacant commercial space * Ideal for investor or owner-user * Stable residential income * Convenient access to public transportation This property presents strong income potential with a mix of stable residential tenants and commercial upside through the large vacant retail space. Its prime corner location and high visibility make it attractive for both investors and owner-users seeking long-term growth and value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,725 SF
Building Class
C
Year Built
1931
Price
$3,141,018 CAD
Price Per SF
$467.07 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.96
Lot Size
0.16 AC
Zoning
R5B - A low-density residential zoning district that allows for a variety of residential buildings, including multifamily buildings.
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Diago Tax Services
- -
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
- LumenPharmacy
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Notery paper work shop
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Diago Tax Services | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| LumenPharmacy | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Notery paper work shop | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03367-0040 | Improvements Assessment | $320,548 CAD |
| Land Assessment | $85,422 CAD | Total Assessment | $405,970 CAD |
Property Taxes
Parcel Number
03367-0040
Land Assessment
$85,422 CAD
Improvements Assessment
$320,548 CAD
Total Assessment
$405,970 CAD
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62-42 Forest Ave
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