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6095 Myrtle Ave, Ridgewood, NY 11385

1 Photo
 
$4,750,000 List Price
Off Market
 
Listing ID 10978651
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Ridgewood
FEMA Flood Map fema.gov/portal
Year Built 1915
   
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FREE MARKET CORNER MIXED-USE BUILDING • PRIME RIDGEWOOD

This free market corner mixed use building on Myrtle Avenue in Prime Ridgewood asking 5m is an excellent redevelopment-investment opportunity. The property has over 12,000 SF with 3 retail spaces and six free market apartments in the busy intersection of Fresh Pond Road and Myrtle Avenue. The property offers 100 FT of frontage (50 FT on Fresh Pond Road + 50 FT on Myrtle Avenue). This redevelopment deal has a CO for eight apartments. Location has excellent exposure and active foot traffic. The building has the potential to produce a gross annual income of $335,425.00. Built on a 5,174 SF lot, this building boasts 12,326 SF and is three stories high. It is a short walk to the M, and L trains as well as multiple bus lines.
Property Details
  • 5174 SF Lot
  • Built in 1915
  • 3 Stories
Exterior Features
  • Near Bus
  • Near Train
Commercial Info
  • Uses: All uses considered ie. medical office, nail/beauty salon, professional office, clothing, etc.
  • 7% Cap. Rate
Income/Expenses
  • Gross Income $408,000
  • Net Income $335,425
  • Total Exp $72,575
Previously Listed By
EVERGREEN REALTY & INVESTMENTS
Office: 646-838-1378
Listing data is deemed reliable but is NOT guaranteed accurate.
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