Agent Photo
Lander Peerman
  • Sales Agent
Douglas Elliman
Agent Photo
Lander Peerman
Douglas Elliman
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    New YorkRidgewood59-40 Myrtle Avenue

    59-40 Myrtle Avenue
    Ridgewood, NY 11385

    $3,250,000
    New Listing For Sale
     Get directions
     
    Tools
    Open House
    Size
    8
    Bedrooms
    4
    Full Baths
    2
    Partial Baths
    4,410 Sq Ft.
    Interior
    Financial
    $3,250,000
    Change Currency
    $1,723
    Monthly taxes
    $20,677
    Annual taxes
    Details
    Single Family Home
    Property Type
    1931
    Year Built
    15571107
    Web Id
    145
    Days Posted

    Description

    59-40 Myrtle Avenue, Ridgewood, NY 11385

    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%

    This is an Active listing.

    Broker Office Phone Number: 646-838-1378

    Copyright © 2025My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Amenities

    • Dishwasher
    • Refrigerator
    • Hardwood Flooring
    • Dryer Included
    • Washer / Dryer
    • Garage
    Price History View all +
    Date PriceVarianceType
    6/10/2025$3,250,000-Listed
    Listing By: EVERGREEN REALTY & INVESTMENTS via Data Source: My State MLS


    Located at 59-40 Myrtle Avenue, Ridgewood, New York 11385, this Single Family Home is for Sale with a price of $3,250,000 USD. The property was built in 1931, includes 8 bedrooms, has 4 full baths and 2 partial baths. This listing has 4,410 Sq.Ft. of interior space. See all Homes for Sale in Ridgewood.

    Listhub

    Lander Peerman
    Lander Peerman
    • Sales Agent
    1717 W. 6th Street, Suite 190
    Listing by: EVERGREEN REALTY & INVESTMENTS
    Contact Agent
    Staging Information:
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