A Polish-American deli on Fresh Pond Road in Ridgewood is up for sale, Greiner-Maltz Investment Properties announced.
The three-story, mixed-use building is located at 71-08 Fresh Pond Rd., and is going for $1,685,000. It includes retail space on the first floor — where the deli is — and residential units on the second and third floors.
Each of the residential units are three-bedroom, one-bathroom apartments that can reel in $2,100 a month in rent, while the 1,200-square-foot commercial space can bring in up to $3,500 in monthly rent, totaling $92,400 in annual rent for the new owner.
There are expenses associated with this property, the real estate company says. The estimated expenses include $5,473 in real estate taxes, $1,650 for insurance, $1,000 for repair and maintenance, $1,100 for common electrical work, $1,800 for water and sewer, and $3,000 for gas, totaling $14,023 for a net operating income of $78,377.
The approximately 3,299-square-foot building sits on an approximately 1,700-square-foot lot, and is in a highly trafficked area of the neighborhood, with the B13 and Q39 bus routes nearby and a short walk to the M train station at Fresh Pond Road and the L train station at Halsey Street.
Additional information can be found on the Greiner-Maltz Investment Properties website.
