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Positioned in the heart of Ridgewood’s busiest corridor, this building presents a prime mixed-use investment opportunity with strong visibility and steady income potential. This well-maintained property features a ground-floor retail space currently occupied by a salon, offering excellent street exposure and consistent traffic along vibrant Fresh Pond Road. Above the commercial unit are two spacious one-bedroom apartments, each designed with comfortable layouts that appeal to long-term tenants. The residential units provide stable rental income, while the retail space benefits from the high-demand location surrounded by thriving local businesses, shops, and dining options. Conveniently located near public transportation, including nearby bus lines and subway access, the property ensures easy commuting for both residents and customers. With its ideal blend of residential and commercial use, this is a perfect opportunity for investors or owner-users looking to establish themselves in one of Queens’ most active and growing neighborhoods. Don’t miss your chance to own a versatile, income-producing property in a prime Ridgewood location.
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Our Executive Mortgage Banker:
$1,249,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $999,999 | $999,999 | $999,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $675 | $675 | $675 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,678 | $6,157 | $8,439 |
| Total Monthly Payment | $6,478 | $6,957 | $9,239 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.