Mixed-Use
70-01 Forest Avenue
70-01 Forest Ave, Ridgewood, NY 11385
Listing Price: $5,950,000
Investment Overview
Marcus & Millichap is pleased to offer 70-01 Forest Avenue, a rare opportunity to acquire a turn-key, income-producing commercial asset in the heart of Ridgewood, Queens. The property consists of a fully built-out, premier event space totaling 15,410 gross usable square feet (10,553 SF above grade), configured across two expansive main floors, a subgrade level, and additional bulkhead space.
The building is 100% leased to Dreams NYC Event Space under a long-term lease expiring October 2032, providing stable and predictable cash flow. The space is designed to accommodate approximately 200 guests, making it a highly functional and in-demand venue for private and corporate events.
Exclusively Listed By
Listing Price: $5,950,000
Investment Highlights
- 70-01 Forest Avenue, built in 1949, is a prime asset sitting on a 69.58' x 100' lot, approx. 15,140 gross usable SF.
- Tax Class: 4 | Zoning: R5B, C1-4 | 6.7 % Cap Rate
- Close connectivity to the L & M Subway lines.
Investment Overview
Marcus & Millichap is pleased to offer 70-01 Forest Avenue, a rare opportunity to acquire a turn-key, income-producing commercial asset in the heart of Ridgewood, Queens. The property consists of a fully built-out, premier event space totaling 15,410 gross usable square feet (10,553 SF above grade), configured across two expansive main floors, a subgrade level, and additional bulkhead space. The building is 100% leased to Dreams NYC Event Space under a long-term lease expiring October 2032, providing stable and predictable cash flow. The space is designed to accommodate approximately 200 guests, making it a highly functional and in-demand venue for private and corporate events.
Exclusively Listed By
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