30 MAY 25, 2017 RIDGEWOOD TIMES WWW.QNS.COM A mixed-use medical office is on sale for double its price from 12 years ago Ridgewood Times Rental Guide Listings selected at random. Courtesy MLSLI RIDGEWOOD Woodward Avenue Cooper Avenue 64th Street 69th Avenue 2-bedroom 1110 Cypress Avenue $1,700 Close to public transit One month’s security deposit Etan Hakimi Mitra Hakimi Realty Group 2-bedroom 59-20 Norman Street $1,999 Fully renovated Lots of closet space Mitchell Todd Carollo Realty & Management 3-bedrooms or more 809 Woodward Avenue $2,500 Fully renovated Washer & dryer included Malgorzata Pieniadz Realty By The Park GLENDALE 2-bedroom 72-40 Cooper Avenue $1,800 Five rooms in all Combined kitchen & dining room John Zakowski McZaks Realty 2-bedroom 69-21 Myrtle Avenue $2,000 Stainless steel appliances Hardwood fl oors Christopher Snyder Keller Williams Realty Liberty 3-bedrooms or more 70-16 Central Avenue $2,000 Box bedrooms New appliances Gaetano Sieligowski Macaluso Realty MASPETH 1-bedroom 52-07 72nd Street $1,700 Wooden fl oors Subject to credit check Susan Ong R S V Properties 2-bedroom 53-04 64th Street $2,500 New windows & appliances Access to patio John Dibs Keller Williams Realty Liberty 3-bedrooms or more 70-27 57th Drive $2,400 Eat-in kitchen Two bathrooms Carlos Arguelles Winzone Realty MIDDLE VILLAGE 1-bedroom 57-46 79th Street $1,600 First-fl oor apartment Utilities included Aili Tracey Douglas Elliman Real Estate 2-bedroom 67-57 75th Street $2,300 Open fl oor plan Close to shopping & transit Juan Barreneche Keller Williams Realty Landmark 3-bedrooms or more 79-42 69th Avenue $2,900 Ultra-modern design Pets considered Cody Macaluso Macaluso Realty BY ANTHONY GIUDICE [email protected] @A_GIUDICEREPORT The recent trend of spiking real estate prices in Ridgewood shows no signs of slowing down, as this two-story, mixed-use property is on the market for just under $1.2 million. The property located at 60-11 Catalpa Ave. has a 1,170-square-foot medical offi ce on the fi rst fl oor, and a three-bedroom, one-bathroom apartment on the second fl oor, and comes with a fully fi nished basement with a bathroom and kitchen. It’s on the market now at nearly double the selling price when it last changed hands in September 2005, according to a report from PropertyShark. The building was sold at that time for $610,000. The building sits on a 2,700-square-foot lot with a driveway leading to a 1,350-square-foot concrete rear yard. Greiner-Maltz Investment Properties — the fi rm charged with selling the property — estimate the property could turn a big profi t for the new owner, bringing in an estimated $2,700 in rent per month on the apartment portion ($32,400 a year) and an additional $2,500 in rent from the medical offi ce ($30,000 a year). Aft er estimated taxes and expenses, the building could net $50,116 a year. REAL ESTATE Photo via Google Maps Photo caption: This two-story, mixed-use medical offi ce in Ridgewood is on the market for $1.195 million.
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