342 Ridgewood Ave #1-7, Brooklyn, NY, 11208
About This Home
5 Residential Units - x4 w/2 bedrooms, x1 w/ 1 bedroom, all 1 bath 1 Retail Space Unit 1 Restaurant Space Unit Property is currently used as owner user. The property owner manages the restaurant and collects rent on 5 residential apartments, and retail space on the ground floor. Current owner has invested a significant amount of capital to update all of the entire building: Updated apartment units: floors, kitchens, paint, hallways and common areas, lighting, roof, heating and cooling. Owner has invested heavily in the brand new restaurant recently opened featuring: brand new kitchen, counter top food warmer, full size hood, convection ovens, stove tops, grill, prep station, rotisserie oven, basement storage, walk-in refrigerator, walk-in freezer. Dining room seats up to 32 guests, includes 16 -2 person tables. Brand new bathroom. Office space and top of the line security system. All units are rented under market value.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1915
Type & Style
- Home type: SingleFamily
- Property subType: Building
Interior
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Interior Area
- Total structure area: 0
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,079 | $84,948 |
| Home Insurance * | $512 | $6,144 |
| Property Taxes | $653 | $7,836 |
| Electricity | $246 | $2,954 |
| Total | $8,490 | $101,880 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $1,400,000 |
| 2026-04-23 | Price change | $1,900,000 |
| 2025-11-25 | Listed for sale | $2,300,000 |
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