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Printed from StreetEasy.com at 12:18 AM, May 14 2025

59-40 Myrtle Avenue #BLD

$3,250,000 for sale
  • 4,410 ft²
  • $736 per ft²
  • 20 rooms
  • 8 beds
  • 4+ baths
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Listing by Evergreen Realty & Investments, Limited Liability Broker, 5825 Myrtle Avenue, Ridgewood NY 11385.
Days On Market
14 Days
Last Price Change
No Recorded Changes
Estimated Payment
Payment calculator$0
Monthly Taxes
N/A
Monthly Maintenance
N/A
Tax Abatement
No Data Available

About the Listing

Description

Prime corner building on the busiest block in Ridgewood with coveted tax class 2A
Two stores and two apartments
Double sidewalk frontage: 47 feet on Myrtle Avenue, 62 feet on Norman Street
Total of 109 feet of wraparound visibility
Fully gut-renovated in 2018
Three-story mixed-use building totaling approx.

Prime corner building on the busiest block in Ridgewood with coveted tax class 2A
Two stores and two apartments
Double sidewalk frontage: 47 feet on Myrtle Avenue, 62 feet on Norman Street
Total of 109 feet of wraparound visibility
Fully gut-renovated in 2018
Three-story mixed-use building totaling approx. 4,398 SF
Two spacious residential units: each with 4 bedrooms and 2 bathrooms
Ground-floor tenants: established coffee shop and an established regional dessert franchise
High foot traffic ensures consistent retail activity
Retail leases include 50% real estate tax over base year + 3% annual increases
Annual gross income of approximately $236,500
Turnkey, easy-to-manage asset in Ridgewood’s most desirable location
Actual cap rate of 5.75%

Amenities

Building Amenities

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About the Building

59-40 Myrtle Avenue  Ridgewood, NY 11385
Mixed-Use Building in Ridgewood
  • 2 Units
  • 3 Stories
  • 1931 Built
Sales listings: 1 active
Rentals listings: 19 previous
more about the building

Property History

DatePriceEvent

4/7/2025

$3,250,000

Listed by Evergreen Realty & Investments


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Nearby

Transportation

  • M at Forest Av

    0.35 miles

  • M at Fresh Pond Rd

    0.4 miles

  • L at Halsey St

    0.44 miles

  • M at Seneca Av

    0.51 miles

  • L M at Myrtle-Wyckoff Avs

    0.65 miles

View subway lines on Google Maps

Schools

District 24 - Schools zoned for this address:
P.S. 068 Cambridge

(PK,0K,01,02,03,04,05,SE)

 I.S. 077

(06,07,08,SE)
Disclaimer: School attendance zone boundaries are not guaranteed to be accurate – they are provided by a third party and subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

Parks

  • Clemens Triangle

    0.4 miles

  • Myrtle Avenue Clemens Triangle

    0.44 miles

  • Mafera Park

    0.52 miles

  • Irving Square Park

    0.79 miles

  • Highland Park

    0.83 miles

A map showing the location and surroundings of 59-40 MYRTLE AVENUE
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Listed By

Evergreen Realty & Investments, Limited Liability Broker, 5825 Myrtle Avenue, Ridgewood NY 11385.
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