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$2,400,000
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Property Description
Welcome to 59-09 71st Avenue in Ridgewood, a standout property ideally located near the subway and a busy shopping district, benefiting from constant foot traffic. Offering over 4,000 square feet, this impressive building features a fully equipped commercial restaurant, making it an excellent opportunity for hospitality operators. Inside, you'll find a stylish duplex dining area designed for hosting private events, along with additional comfortable seating on the second floor. The first floor is thoughtfully laid out with a modern kitchen, sleek bar, and lively dining space that opens to a covered outdoor patio, perfect for outdoor dining. The basement adds valuable functionality with two walk-in refrigerators and an additional prep area, supporting efficient restaurant operations. Beyond the commercial space, the property also includes two residential units: a beautifully renovated one-bedroom duplex apartment and a separate one-bedroom apartment on the top floor, providing great options for owner occupancy or rental income. This property presents a prime opportunity for restaurant owners or investors seeking a high-potential mixed-use asset.
Full Property Details
Full Property Details for 59-09 71st Ave
General
- Price: $2,400,000
- Taxes: $28,871
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 970026
- Updated: 4/9/2026
- Added to Site: 50 day(s) ago
Interior
- Interior Features: Other
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, Sewer Available, Sewer Connected, Water Available
Structural Information
- Architectural Style: Other
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- 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: $28,871.12
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 ATTOM Data Solutions 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
4/09/2026
Price Reduced
$2,400,000
-4%
MLS
3/10/2026
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# 970026) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 59-09 71st Avenue is currently listed for $2,400,000 and was received on March 10, 2026. 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.

