59-40 Myrtle Avenue, Ridgewood, NY 11385

$3,250,000

Active for Sale

8 Beds

4F 2H Baths

4410 SF

Built In 1931

Listing ID	11514500



Property Type	House (Attached)



County	Queens



Township	Queens

Neighborhood	Ridgewood



Total Tax	$20,677



FEMA Flood Map	fema.gov/portal



Year Built	1931

Virtual Tour

MIXED-USE TROPHY CORNER BUILDING IN PRIME RIDGEWOOD

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 $281,619 Turnkey, easy-to-manage asset in Ridgewood's most desirable location Actual cap rate of 7.14%

MORE ▼

Property Details

8 Total Bedrooms
4 Full Baths
2 Half Baths
4410 SF
2932 SF Lot
Built in 1931
Renovated 2018
3 Stories
Available 6/10/2025
Full Basement

Interior Features

Oven/Range
Refrigerator
Dishwasher
Microwave
Washer
Dryer
Stainless Steel
Hardwood Flooring
Natural Gas Avail

Exterior Features

Masonry - Brick Construction
Brick Siding
Near Bus
Near Train

Taxes and Fees

$20,677 Total Tax

Listed By

Emma Barattini

EVERGREEN REALTY & INVESTMENTS

Office: 646-838-1378

Cell: 646-838-1378

Listing data is deemed reliable but is NOT guaranteed accurate.

Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent

Your Name:
Email:
Phone:
Message:	I would like more information regarding the My State MLS Listing #11514500 at 59-40 Myrtle Avenue, Ridgewood, NY.
Security:	What is 7 plus 1?