62-86 60th Pl
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62-86 60th Pl
4,380 SF 100% Leased Retail Building Ridgewood, NY 11385 $2,458,190 CAD ($561 CAD/SF) 6.34% Cap Rate
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$200,588
|
$39.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,588
|
$39.02
|
| Taxes |
$17,188
|
$3.34
|
| Operating Expenses |
$27,672
|
$5.38
|
| Total Expenses |
$44,860
|
$8.73
|
| Net Operating Income |
$155,728
|
$30.30
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $200,588 |
| Annual Per SF | $39.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $200,588 |
| Annual Per SF | $39.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,188 |
| Annual Per SF | $3.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,672 |
| Annual Per SF | $5.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,860 |
| Annual Per SF | $8.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $155,728 |
| Annual Per SF | $30.30 |
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
$2,458,190 CAD
Price Per SF
$561 CAD
Cap Rate
6.34%
NOI
$155,728 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
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 | $147,669 CAD |
| Land Assessment | $13,938 CAD | Annual Taxes | $17,188 CAD ($3.92 CAD/SF) |
| Improvements Assessment | $133,731 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03493-0057
Land Assessment
$13,938 CAD
Improvements Assessment
$133,731 CAD
Total Assessment
$147,669 CAD
Annual Taxes
$17,188 CAD ($3.92 CAD/SF)
Tax Year
2024
-
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62-86 60th Pl
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