Industrial in Ridgewood sells for $3.7M

The entity Studio 6517 LLC, in care of Chang Law Group, paid $3.7 million to the entity Swehar Realty 6517 68th LLC for the industrial building (F5) at 6517 68th Avenue in Ridgewood, Queens.
The deal closed on January 29, 2026 and was recorded on February 9, 2026. The property has 9,230 square feet of built space and 4,300 square feet of additional air rights for a total buildable of 13,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $400 and the price per buildable square foot is $274 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on September 10, 2015, for $2.4 million. The signatory for Celestine Donaghy was Celestine Donaghy. The contract date was December 29, 2025.

The property

The industrial building in Ridgewood has 9,230 square feet of built space and 4,300 square feet of additional air rights for a total buildable of 13,500 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The zoning is R5B which allows for up to 1.35 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $977,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Ridgewood, The bulk, or 38 percent of the 20 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 29 percent of the space. In sales, Ridgewood has had very little sales volume relative to other neighborhoods with $253.9 million in sales volume in the last two years. For development, Ridgewood has near average amount of major developments among other neighborhoods and is the 7th highest in Queens. It had 1.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

All properties are industrial.

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