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Crypress Ave
Flushing, Queens, NY
$1,600,000 Price
- Bedrooms   - Baths
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Photo 1 of Crypress Ave, Flushing, Queens, NY, $1,600,000, Web #: 880906Previous PhotoNext Photo1 of 17

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,...

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.

Listing courtesy of Royalux Realty Llc

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Flushing, Queens, NY
Type:
Price: $1,600,000
Date Listed: 6/23/2025
Web ID: 880906

Info & Amenities

Built: 1930

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