Development site in Ridgewood expands, now selling for $25.25M

Photo courtesy Greiner Maltz Investment Properties

A development site on sale in Ridgewood has expanded, increasing its lot size, buildable square footage and, of course, price.

Greiner Maltz Investment Properties first advertised the site at 951 Cypress Ave. last month, but a new advertisement received on Tuesday now includes the neighboring warehouse located at 1716 Weirfield St. The assemblage is currently going for $25.25 million.

The two properties combine for an approximate lot size of 104 feet by 175 feet, with a combined square footage of approximately 18,200 feet.

The buildable area grew to 118,300 square feet with the addition of the adjacent warehouse.

The property is in an M1-4D zone in the heart of Ridgewood, just steps away from bustling Myrtle Avenue. The ample amount of public transportation, including the M and L train lines within walking distance, suggest that development at the site will bring in a positive flow of pedestrian traffic, which can be beneficial for a potential ground floor retail space, according to Greiner Maltz.

Both properties will be delivered vacant.

For more information about the property, visit the Greiner Maltz Investment Properties website.

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