Welcome to 507 Grandview Avenue in booming Ridgewood Queens.? Offered here is a 4 unit multi-family property with 4 free market apartments that have been updated and upgraded.? This property features many restored 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 deep 96 foot lot.? In addition to a full basement, there is also a sizable rear yard. 1,800 sf or air rights add to the value of the property to take advantage of in the future for a remodel or rebuild allowing for several floors of additional space with setbacks.
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
Courtesy of Brick & Mortar LLC
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Data last updated 2:20 PM UTC, 6/30/22