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$2,500,000
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Property Description
Welcome to 59-09 71st Ave, Ridgewood - a prime mixed-use opportunity in a high-demand corridor near public transportation and a bustling shopping district with consistent foot traffic. * Restaurant-ready commercial setup * The ground-level commercial space is fully built out for a restaurant and designed to support real volume and events. The restaurant spans approximately 1,600 SF with a duplex dining layout that's ideal for private parties, plus a stylish bar and contemporary kitchen that create a turnkey feel for an operator ready to go. *Downstairs, the basement is set up for prep and storage, featuring a prep kitchen and two walk-in freezers-a huge advantage for inventory, catering, and high-throughput service. * Above the commercial component are two residential rental units, offering additional income and flexibility for an investor or owner-user. * Spanning over 4,000 square feet overall, this property combines a restaurant-forward commercial buildout with residential rent roll-an ideal Ridgewood asset for buyers looking for both cash flow and a true operator-ready setup.
Full Property Details
Full Property Details for 59-09 71st Ave
General
- Price: $2,500,000
- Taxes: $26,760
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 927772
- Updated: 12/9/2025
- Added to Site: 86 day(s) ago
Interior
- Interior Features: Open Floorplan
Parking
- Parking Features: Off Street
Location
- County: Queens
- Cross Streets: Myrtle Ave
- Driving Directions: at the corner of Myrtle Ave and 71 Ave
School Information
- High School District: Queens24
- Middle School: Joseph F Quinn Intermediate School 77
- High School: Grover Cleveland High School
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Ductless
- Heating Type: Natural Gas, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available
Structural Information
- Architectural Style: Other
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished
- Year Built: 1931
Lot Features
- Lot Size (Sq. Ft.): 2,017
- Lot Dimensions: 20 x 100.83
Financial Considerations
- Taxes Include: Sewer, Trash, Water
- Tax Amount: $26,760
Disclosures and Reports
- Special Conditions: None
- Property ID: 03508-0045
- Block: 3508
- Lot Number: 45
Listed by Trademarko Realty Inc
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Schools
Schools serving 59-09 71st Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 88 Seneca 60-85 Catalpa Ave, Queens, NY 11385 | PK-5 | 0.3 mi |
Joseph F Quinn Intermediate School 77 976 Seneca Ave, Queens, NY 11385 | 6-8 | 0.2 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 59-09 71st Ave
Date
Details
Price
Change
Source
10/23/2025
Listed
$2,500,000
185.71%
MLS
1/26/2006
Sold
$875,000
—
Public Record
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
Tax History for 59-09 71st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,149
2%
$252,270
-4%
2024
$26,577
—
$261,900
4%
2023
$26,625
4%
$251,370
4%
2022
$25,630
13%
$240,750
14%
2021
$22,618
-18%
$211,500
-24%
2020
$27,540
5%
$279,450
6%
2019
$26,212
19%
$264,150
-2%
2017
$22,109
—
$268,650
8%
2017
$22,109
7%
$248,850
1%
2016
$20,588
6395%
$245,700
14%
2015
$317
-98%
$216,450
19%
2014
$16,811
4%
$181,800
2%
2013
$16,135
—
$178,395
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 59-09 71st Ave
59-09 71st Avenue, Ridgewood, NY 11385 (MLS# 927772) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 59-09 71st Avenue is currently listed for $2,500,000 and was received on October 23, 2025. Want to learn more about 59-09 71st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

