Price reduced on Ridgewood industrial building

Photo courtesy Greiner Maltz Investment Properties

A large industrial parcel in Ridgewood is still on the market, but now with a million dollar discount.

Greiner Maltz Investment Properties has reduced the price on their property located at 48-05 Metropolitan Ave. in Ridgewood.

This approximately 63,000-square-foot building sits on approximately 73,000 square feet of land on the north side of Metropolitan Avenue, between Flushing and Woodward avenues in the heart of the industrial district of Ridgewood and Maspeth.

The property was originally listed at $17.5 million, but has since been reduced to $16.5 million.

The 1 1/2-story building has 53,000 square feet of grade level space with 10,000 square feet of mezzanine offices. It also features 14- to 20-foot ceilings and is located in an M3-1 zone.

According to Greiner Maltz, water, sewer, electric and heat are all to be paid by the tenant.

For more information, visit the Greiner Maltz website.

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