For Sale
$5,250,000
60-95 Myrtle Ave Ridgewood, NY 11385
Prime Ridgewood location, high potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Exceptional mixed-use building with value-add potential at a bustling Ridgewood, Queens corner.
- 12,326 square foot building on a 5,174 square foot lot with 100 feet of frontage.
- Currently features three retail spaces (two leased: $2,185/month and $9,200/month) and six 3-bedroom apartments (CO for eight).
- Strong income potential: Current NOI $216,445, projected NOI $388,225; current cap rate 4.12%, projected 7.39%.
- Asking price: $5,250,000 ($425.93/SF). R6B zoning.
- Eleven total units in a 1915 building.
Property Details for 60-95 Myrtle Ave
- Property type
- Retail properties, Mixed-use properties
- Square Feet
- 12,326 SF
- Year Built
- 1915
- Stories
- 3
- Units
- 11
Location Insight
- City
- Ridgewood
- County
- Queens
- State
- New York
- Latitude
- 40.7008817
- Longitude
- -73.8948511
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Ridgewood location, high potential.
- Where is the retail property located?
- The property is located at 60-95 Myrtle Ave Ridgewood, NY.
- What is the asking price?
- The asking price for this property is $5,250,000.
- What are key features of this property?
- This property features: Exceptional mixed-use building with value-add potential at a bustling Ridgewood, Queens corner.; 12,326 square foot building on a 5,174 square foot lot with 100 feet of frontage.; Currently features three retail spaces (two leased: $2,185/month and $9,200/month) and six 3-bedroom apartments (CO for eight).
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