Open house by appointment only.Rare chance to own a major income producing mixed-use property in the prime Metropolitan Ave, Ridgewood.High Proj. Cap Rate! This property consists of one prime commercial store on the ground floor with full finish basement and two excellent condition 2 bedrooms residential units above.Fully renovated few years ago from top to bottom with new electric, new plumbing etc. 3 separate gas boiler and water heater.tenants pay for own utilities. building size is 20×55 and lot size is a 20×80., zoning r6b-C2-4. FAR 2.you could potentially build another 992 square feet. This solid property boasts incredible potential for the new owner to collect an increasingly appreciating rental income. low property tax $5,913.house can be delivered vacant,teannt in place that can stay as well,great for 1031 exchange, investment, or owner use.A truly must see to believe and appreciate property.
Sold for $990,000
$990,000
5513 Metropolitan Ave, Ridgewood, NY 11385
--beds
0baths
3,300sqft
Mixed Use
Built in ----
1,600 Square Feet Lot
$1,172,000 Zestimate®
$300/sqft
$3,509 Estimated rent
Home value
$1,172,000
$1.05M - $1.30M
$3,509/mo
Zestimate® history
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$3,509/mo
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$5,733/mo
Est. payment
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Est. payment
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Zillow last checked: 8 hours ago
Listing updated: January 24, 2024 at 11:29am
Listed by:
ZaiYou (Joe) Zhu 347-791-7011,
RE/MAX Edge
Source: BNYMLS,MLS#: 470968
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Features
- Flooring: Other
- Basement: Finished,Full
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Parking features: None
Lot
- Size: 1,600 sqft
- Dimensions: 20x80
- Features: Back Yard
Details
- Foundation area: 1100
- Parcel number: 026400005
- Zoning: r6b
- Special conditions: Arm's Length
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Other
- Foundation: Other
- Roof: Other
Utilities & green energy
- Electric: Other
Community & neighborhood
Location
- Region: Ridgewood
- Subdivision: Queens
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2024 | Sold | $990,000-23.8%$300/sqft |
Source:  BNYMLS #470968 Report a problem | ||
| 10/24/2023 | Pending sale | $1,299,999$394/sqft |
Source: BNYMLS #470968 Report a problem | ||
| 9/29/2023 | Listing removed | -- |
Source: BNYMLS #470968 Report a problem | ||
| 8/16/2023 | Price change | $1,299,999-3%$394/sqft |
Source: BNYMLS #470968 Report a problem | ||
| 6/19/2023 | Listed for sale | $1,340,000$406/sqft |
Source: BNYMLS #470968 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $52,020 -8.9% |
| 2023 | -- | $57,120 +14.6% |
| 2022 | -- | $49,860 +7.2% |
Find assessor info on the county website
Neighborhood: Maspeth
Nearby schools
GreatSchools rating
- 6/10ACE Academy for Scholars at the Geraldine Ferraro CampusGrades: PK-5Distance: 0 mi
- 3/10Is 93 RidgewoodGrades: 6-8Distance: 0.6 mi
- 2/10Grover Cleveland H.S.Grades: 9-12Distance: 0.1 mi