11-05 Cypress Avenue, New York, NY

Name: 11-05 Cypress Avenue, For Sale in New York - Zoocasa
Brand: Crifasi Real Estate Inc
SKU: 1063100
Price: 1799000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,799,000

000

MLS® 1063100

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 4280 sqft

Garage No

Maintenance Fees

Taxes $7,735

Days Active 0

Approx. Age 1930

Avg. Price Per Sqft $420

MLS® Number 1063100

Property Address: 11-05 Cypress Avenue, New York, NY, 11385

Average square foot calculated using Size range provided by listing agent.

Description

Brick Mixed-Use Investment Property with Established Pharmacy and Two Residential Apartments Located in the highly desirable Ridgewood neighborhood, this brick mixed-use property offers an excellent opportunity for investors seeking income potential in a vibrant, well-established community. The first floor is occupied by an established pharmacy, currently paying $3, 651 per month, with a lease through 2028 and an option to renew with $100 increments. The second-floor apartment features an eat-in kitchen, living room, one bedroom, and one full bathroom, currently rented for $3, 500 per month with a lease expiring November 2026. The third-floor apartment offers an eat-in kitchen, living room, dining room, three bedrooms, and one full bathroom, currently rented for $3, 027 per month with a lease expiring in 2027. Annual Expenses approx.: $19, 355 Annual NOI approx. $102, 757 The property offers a full basement, spacious yard, and oil-fired heating. Numerous improvements have been completed, including a new roof and boiler in 2025, new windows in 2022, updated kitchens and bathrooms in both apartments, a new return line in 2019, a new front door, wood carpentry improvements, and freshly painted hallways. Ideally situated just 0.7 miles from the subway, this property benefits from Ridgewood's distinctive neighborhood charm, historic brick architecture, local shops, restaurants, and convenient transportation. A fantastic opportunity to own an income-producing mixed-use property in one of Queens' sought-after neighborhoods!

MLS® Number1063100

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1930

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatOil

A/CNone

Extras

Map

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