$900,000
$1,469,000
38.7%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 05/12/2026
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 943387
Sold Date 05/12/26
Rental Info No
Year Built 1930
Annual Tax Amount $16,691
Lot Size 0.323 Acres
Acres 0.3233
Property Sub-Type Other
Source onekey2
Property Description
Positioned on Gates Avenue in Ridgewood, this garage asset offers immediate income potential in one of Queens' most parking-constrained residential corridors. The property features 18 garage units on a 5,837 SF lot, benefiting from sustained local demand and low operating intensity. Zoned R5B with underutilized residential FAR, with approximately 3,625 buildable residential square feet. Backed by strong parking demand, this asset delivers both steady cash flow and future upside for strategic investors.
Location
State NY
County Queens
Interior
Heating See Remarks
Cooling None
Fireplace No
Exterior
Utilities Available See Remarks
Building
Sewer Other
Water Other
Structure Type Brick
Others
Special Listing Condition None
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Bought with Buyer Representation Office