59-40 Myrtle Avenue, Ridgewood, NY 11385
59-40 Myrtle Avenue, Ridgewood, NY 11385
59-40 Myrtle Avenue, Ridgewood, NY 11385
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Hal Blake

Hal Blake

+1(718) 608-4892
$3,150,000
Est. payment /mo
8 Beds
5 Baths
4,410 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,410 sqft

Price per Sqft $714

MLS Listing ID 11514500

Bedrooms 8

Full Baths 4

Half Baths 2

Year Built 1931

Annual Tax Amount $20,677

Lot Size 2,932 Sqft

Property 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. 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 $249,800 Turnkey, easy-to-manage asset in Ridgewood's most desirable location.

Location

State NY

County 36081

Rooms

Basement Full

Dining Room 0

Kitchen 0

Building

Story 3

Structure Type Masonry - Brick

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Hal Blake
Hal Blake

Broker | License ID: 10491210994

+1(718) 608-4892

1110 South Ave, Staten Island, NY, 10314-3403, USA

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59-40 Myrtle Avenue

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