Welcome to 507 Grandview Avenue in thriving Ridgewood Queens. This is a 4 unit multi-family property with 4 free market apartments that have been updated and upgraded. This 2 story building features many beautiful pre-war details including original tin ceilings, period woodworking, refinished maple floors, high ceilings, restored plaster medallions, and extensive woodworking and moldings not often found in todays market. The hallways and staircase are illuminated by an oversized skylight that showcases the restored charm of yesteryear. The property has 25 feet of frontage on Grandview Avenue and sits on a 96 feet deep lot. There is also a full basement and sizable rear yard.
1,800' or air rights - buildable square feet that allow for several floors of additional space with setbacks.
FAR 2.0, currently built 1.25
2,400 sf lot
Investment Highlights -
4 family with all free market rents
1,800 sf buildable as of right
Prime redevelopment Market Rate 4 Family with 1,800 sf buildable