- For Sale $3,250,000
- Property Type Mixed Use
- Property Size 4,410 SF
- Units 2
- Lot Size 0.07 Acre
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1931
- Date Updated Apr 7, 2025
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 $236,500. Turnkey, easy-to-manage asset in Ridgewood’s most desirable location. Actual cap rate of 5.75%
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
98/100
Walker's Paradise
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Transit Score ®
95/100
Rider's Paradise
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Bike Score ®
74/100
Very Bikeable
- City Ridgewood, NY
- Neighborhood Ridgewood
- Zip Code 11385
- Market Queens
Points of Interest
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Halsey Street
0.45 miles
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Myrtle–Wyckoff Avenues
0.71 miles
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Middle Village–Metropolitan Avenue
0.90 miles
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Stanhope St & Wycoff Ave - NE Corner
1.04 miles
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Stanhope St & Wycoff Ave - SE Corner
1.04 miles
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Stanhope St & Wycoff Ave - NW Corner
1.05 miles
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Stanhope St & Wycoff Ave - SW Corner
1.05 miles
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Knickerbocker Avenue
1.09 miles
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Dekalb Ave & Wycoff Ave - NE Corner
1.12 miles
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Dekalb Ave & Wycoff Ave - SE Corner
1.13 miles
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Hess
0.44 miles
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American Gas
0.84 miles
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BP
0.85 miles
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Shell
0.93 miles
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Citgo
0.98 miles
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Sunoco
1.34 miles
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Conoco
1.35 miles
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Mobile
1.37 miles
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Tesla Supercharger
1.72 miles
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Revel
2.70 miles
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Stop & Shop Parking
0.39 miles
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MMP Parking LLC
1.13 miles
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Havens Place Lot
1.67 miles
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School bus parking
1.85 miles
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Connoly's Parking Lot
1.95 miles
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Private Parking Lot
2.96 miles
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West Side Tennis Club parking lot
3.01 miles
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Parking Area C
3.07 miles
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Parking Area E
3.15 miles
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Sylvan Parking
3.20 miles
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casa reservada para vacaciones
0.23 miles
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Red Carpet Inn
0.47 miles
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Marina Hotel
1.38 miles
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Latisha Luxury Place
1.40 miles
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hull
1.46 miles
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Hotel Omega
1.58 miles
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Holiday Inn Express
1.62 miles
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Artel 535
1.64 miles
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Imperial Hotel
1.65 miles
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Riviera Motor Inn
1.69 miles
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I Sushi
0.00 miles
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Fajitas Sunrise
0.03 miles
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Wendy Teriyaki
0.04 miles
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Burrito Republic
0.06 miles
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Joe and John's Pizzeria
0.06 miles
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Tasty Thai
0.08 miles
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Delicious Wok
0.08 miles
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Dunkin'
0.08 miles
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Mr. Chen
0.09 miles
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Original Sal's Pizza
0.10 miles
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P.S. 68Q
0.24 miles
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Saint Matthias School
0.27 miles
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Jiggle Sprouts, Inc.
0.40 miles
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Supermoon Community Art Space
0.44 miles
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Intermediate School 93 Ridgewood
0.44 miles
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Once Upon A Time Daycare & Preschool
0.46 miles
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Robco Kid Care
0.48 miles
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Intermediate School 93
0.48 miles
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BM Pottery Studio NY
0.59 miles
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Minnie's Family Daycare
0.61 miles
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Little Einstein's Daycare
0.48 miles
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Audrey Johnson Day Care Center
0.80 miles
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People's Daycare
1.37 miles
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Precious Moments
1.52 miles
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Friends of Crown Heights Educational Center
1.91 miles
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Tender Tots
2.16 miles
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Kidz Village
2.34 miles
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Small Wonder
2.36 miles
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Premier Stepping Stones Child Care
2.46 miles
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I Kidz Daycare
2.50 miles
Frequently Asked Questions
The space currently listed for sale at 5940-5942 Myrtle Ave asks for $3,250,000.
5940-5942 Myrtle Ave totals 4,410 square feet.
5940-5942 Myrtle Ave was built in 1931.
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