1115 Cypress Ave, Ridgewood, NY 11385

HUGE COMMERCIAL SPACE W/ POTENTIAL DEVELOPMENT LAND FOR SALE!

Within the commercial hub of Cypress Avenue in Ridgewood!!! Conveniently located in one of the busy streets of Ridgewood, about 0.3 miles from the Halsey St L Train. 1115 Cypress Avenue presence 59 x 117 ft lot at high traffic density of Cypress Avenue & Cody Avenue as a dynamic investment opportunity w/ M1-4D zoning district. Allowing high potential development opportunities with manufacture/ industrial, commercial, as well as residential. ~POTENTIAL DEVELOPMENT & BUILDABLE SQFT~ RESIDENTIAL FAR: 9,525 COMMERCIAL FAR: 11,546 FACILITY FAR: 37,524 This amazing commercial space can be used as is for car sales/ rentals or parking space, generating potential monthly income $10,000 or more... Projected annual income: $120,000 Plus CAP Rate: 6% or more on asking price