This property in Ridgewood is a remarkable investment opportunity! Here’s a streamlined summary of the key features:

Location: Prime Ridgewood area, vibrant and bustling, ideal for both commercial and residential use.
Property Overview:
First Floor: Pharmacy, providing a steady income stream.
Second Floor: Newly renovated three-bedroom, one-bathroom unit, currently vacant and ready for new tenants.
Third Floor: Three-bedroom, one-bathroom unit (excellent tenant),ensuring consistent rental income.
Basement: Separate entrance with flexible usage, currently vacant.

Utilities: The property has 3 electricity meters and 3 gas meters, along with a new boiler and new roof, minimizing future maintenance costs.
Income Potential: Overall rental income can reach up to $120,000 annually, translating to approximately $10,000/month.
Return on Investment: Impressive annual return rate of over 7%.
Transportation: Convenient access with Bus B20 and a subway station just a 6-minute walk away, providing direct connections to Manhattan and Brooklyn.
Nearby Amenities: Close proximity to supermarkets, banks, restaurants, and other shopping conveniences.

This combination of commercial viability and residential appeal, along with its strategic location, makes this property a strong candidate for investment. © 2025 OneKey™ MLS, LLC