62-86 60th Pl
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62-86 60th Pl
4,380 SF 100% Leased Retail Building Ridgewood, NY 11385 £1,373,734 (£314/SF) 6.34% Net Initial Yield
Executive Summary
Pristine condition, fully-renovated, corner mixed-use property in the heart of Ridgewood, Queens.
Property Layout
1st floor (20x85 built) - 2 commercial + 2 car garage
2nd floor (20x67 built) - 5bed/2bath apartment
3rd floor (20x67 built) - 5bed/2bath apartment
Income is as follows:
Furniture Store (front-retail) - $2,450/mo. (expiration 6/2027)
Medical Supply Store (side-retail) - $1,300/mo. (expiration 4/2025)
Garages (2-cars) - $500/mo.
2nd Floor (5bed/2bath) - $3,900/mo.
3rd Floor (5bed/2bath) - $3,750/mo.
Property Layout
1st floor (20x85 built) - 2 commercial + 2 car garage
2nd floor (20x67 built) - 5bed/2bath apartment
3rd floor (20x67 built) - 5bed/2bath apartment
Income is as follows:
Furniture Store (front-retail) - $2,450/mo. (expiration 6/2027)
Medical Supply Store (side-retail) - $1,300/mo. (expiration 4/2025)
Garages (2-cars) - $500/mo.
2nd Floor (5bed/2bath) - $3,900/mo.
3rd Floor (5bed/2bath) - $3,750/mo.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£112,097
|
£21.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£112,097
|
£21.81
|
| Taxes |
£9,605
|
£1.87
|
| Operating Expenses |
£15,464
|
£3.01
|
| Total Expenses |
£25,069
|
£4.88
|
| Net Operating Income |
£87,027
|
£16.93
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £112,097 |
| Annual Per SF | £21.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £112,097 |
| Annual Per SF | £21.81 |
| Taxes | |
|---|---|
| Annual | £9,605 |
| Annual Per SF | £1.87 |
| Operating Expenses | |
|---|---|
| Annual | £15,464 |
| Annual Per SF | £3.01 |
| Total Expenses | |
|---|---|
| Annual | £25,069 |
| Annual Per SF | £4.88 |
| Net Operating Income | |
|---|---|
| Annual | £87,027 |
| Annual Per SF | £16.93 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,380 SF
Building Class
B
Year Built
1920
Price
£1,373,734
Price Per SF
£314
Net Initial Yield
6.34%
NOI
£87,027
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.37
Land Acres
0.04 AC
Zoning
R5B
Frontage
20 ft on 60th Place
Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03493-0057 | Total Assessment | £82,725 |
| Land Assessment | £7,808 | Annual Taxes | £9,605 (£2.19/sf) |
| Improvements Assessment | £74,916 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03493-0057
Land Assessment
£7,808
Improvements Assessment
£74,916
Total Assessment
£82,725
Annual Taxes
£9,605 (£2.19/sf)
Tax Year
2024
-
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62-86 60th Pl
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