New Listing - 03/26/2025

$3,850,000

Est. Mortgage $19,215/mo *

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63-07 Fresh Pond Road, New York, (Ridgewood), NY, 11385

63-07 Fresh Pond Road, New York, (Ridgewood), NY, 11385
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1947

Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!! The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, Waiting Room, High 30’ Ceilings, (4) 22’ Roll-Up Doors, 4 Skylights, Private Office, 3 Phase Power, All New LED Lighting, Accessible Bathroom, Sprinklers, A/C, +++!!! The Property Had A Brand New Roof Installed In 2023!!! The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!! The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!! Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin’, Petco, Pep Boys, Raymour & Flanigan, Taco Bell, Wendy’s, McDonald’s, Carvel, Lidl, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Truck & Auto Repair Shop (8,800 Sqft.): 184,644 Ann.; 3% Ann. Inc.; Lease Exp.: 8/21/32. 2nd Floor Office (400 Sqft.): $24,000 Ann. (Available) Pro Forma Gross Income: $208,644 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Snow & Landscape: $0 Ann. Water & Sewer: $0 Ann. Insurance: $2,300 Ann. Taxes: $26,558.48 Ann. Total Expenses: $29,108.48 Ann. Pro Forma Net Operating Income (NOI): $179,535.52 Ann.

Status:

Active

Town:

New York

Type:

Commercial

Units:

2

Heating:

Natural Gas

Cooling:

Multi Units

Basement:

See Remarks

Levels:

1

Parking:

18-car

Est. Taxes:

$26,558

Construction

Block, Other

Utilities

Sewer Available

Days on Market:

11

MLS #:

840182

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of All Island Estates Realty Corp 516-783-5600