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Ridgewood, NY 11385 1105 Cypress Avenue

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  • MLS# 851041
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  • Beds • 6
  • Baths • 3
  • SQFT • 4,280

Home Details

Remarkable mixed - use investment property presents an unbeatable opportunity for savvy investors. This property features a unique 663 plus basement, which not only offers a well - designed living and commercial space but also provides the added advantage of a full - size basement, expanding the potential for various uses and storage.On the ground floor, a thriving pharmacy currently operates, providing a stable and consistent income stream. Above, there are two well - appointed 3 - bedroom, 1 - bathroom residential units.The second - floor unit has been fully renovated with modern finishes, creating a stylish and comfortable living space that will effortlessly attract good tenants. The third - floor unit is already occupied by a reliable tenant.The property is equipped with a brand - new boiler, guaranteeing efficient heating and enhanced comfort for all occupants. Additionally, the roof, which is only 1.5 years old, offers long - term protection and peace of mind.Location is a key highlight of this property. It's just a 7 - minute walk from the Halsey Street subway station, and with a bus stop right outside the door, commuting is extremely convenient. There’s a laundry store on the ground level, and supermarkets are within easy reach, making daily life a breeze for both residents and customers of the pharmacy. This mixed - use property combines the best of commercial and residential real estate, promising high rental yields and excellent long - term value

Interior Features for 1105 Cypress Avenue

Other Interior Features

BasementFinished

General for 1105 Cypress Avenue

Building Area UnitsSquare Feet
Elementary School DistrictQueens 24
High School DistrictQueens24
Middle/Junior School DistrictQueens24
Number Of Units Total3

Additional Details

Price History

Gregory Berkowitz

Licensed Real Estate Salesperson
Price $1,600,000
MLS#851041
Property Type Multi-Family
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