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$2,400,000

  • For Sale
  • Active
  • Commercial
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Incredible opportunity to own a turnkey, income-producing mixed-use brick building in one of Queens' most desirable and rapidly appreciating neighborhoods. PROPERTY HIGHLIGHTS: * Zoning: R6B - Residential zoning allows for potential future development or expansion (consult architect) * Corner Lot - Excellent exposure and street visibility on a bustling Ridgewood intersection * 3 Residential Units - Fully leased with stable tenants and strong rent roll * 1 Ground-Floor Retail Unit - High-visibility storefront, ideal for continued commercial use * 4 Private Garages - Rare in the area; great for owner use or additional rental income Investment Summary: This is a true turnkey investment offering immediate cash flow and long-term upside in a high-demand rental market. Perfect for 1031 exchange buyers, investors, or owner-users looking for mixed-use flexibility.

Full Property Details for 5-68 Grandview Ave

General

  • Price: $2,400,000
  • Taxes: $17,537
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 921216
  • Updated: 10/20/2025
  • Added to Site: 103 day(s) ago

Parking

  • Parking Features: Garage

Location

  • County: Queens
  • Cross Streets: Menahan St.

School Information

  • High School District: Queens24
  • Elementary School: Ps 71 Forest
  • Middle School: Is 93 Ridgewood
  • High School: Grover Cleveland High School

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Hot Water

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Available, Water Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Partially Finished, Storage Space
  • Building Size: 4500
  • Square Feet: 4,500
  • Year Built: 1917

Lot Features

  • Lot Size (Acres): 0.0398
  • Lot Size (Sq. Ft.): 1,734
  • Zoning: R6B

Financial Considerations

  • Tax Amount: $17,537
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 03383-0053

Listed by eXp Realty

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Listing agents

— 5-68 Grandview Ave —

  • eXp Realty

  • eXp Realty

888-276-0630

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5-68 Grandview Ave

School District:New York City Geographic School District 24
NameGradesDistance
Ps 71 Forest
62-85 Forest Ave, Queens, NY 11385
PK-60.2 mi
Is 93 Ridgewood
66-56 Forest Ave, Queens, NY 11385
6-80.3 mi
Grover Cleveland H.S.
21-27 Himrod St, Queens, NY 11385
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5-68 Grandview Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/20/2025
Price Reduced
$2,400,000
-7.69%
MLS
10/06/2025
Listed
$2,600,000
300%
MLS
7/07/2004
Sold
$650,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5-68 Grandview Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,534
—
$140,274
-52%
2024
$17,537
3%
$293,850
116%
2023
$16,988
10%
$135,879
-53%
2022
$15,437
8%
$290,250
12%
2021
$14,295
6%
$259,650
-9%
2020
$13,459
—
$285,300
5%
2019
$13,459
9%
$272,160
160%
2017
$12,312
—
$104,522
8%
2017
$12,312
7%
$96,799
8%
2016
$11,556
8%
$89,638
8%
2015
$10,693
1%
$83,002
—
2014
$10,569
6%
$83,002
3%
2013
$10,002
—
$80,402
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by eXp Realty

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568 Grandview Avenue, Ridgewood, NY 11385 (MLS# 921216) is a Commercial property. 568 Grandview Avenue is currently listed for $2,400,000 and was received on October 06, 2025. Want to learn more about 568 Grandview Avenue? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

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