Myrtle-Wyckoff Assemblage

54-00 Myrtle Avenue, Ridgewood, NY 11385

  • For Sale Submit Offers
  • Property Type Retail - Street Retail
  • Property Size 72,861 SF
  • Units 21
  • Lot Size 1.62 Acre
  • Additional Rent Contact for pricing
  • Date Updated Sep 8, 2024
BrooklynAvison Young, as exclusive agent is pleased to offer for sale the Myrtle - Wyckoff Assemblage (the “Property”), 7 tax lots currently improved by 21 cash flowing retail spaces, located on the intersection of Myrtle Avenue and Wyckoff Street in Bushwick/Ridgewood. The Property currently consists of 72,861 SF of retail space, currently leased and with varying expiration dates.A development scenario for this Property would benefit from two mixed-use buildings, featuring a combined as-of-right 171,492 ZFA of residential, 239,948 ZFA of commercial, and 338,750 ZFA of community facility buildable area.

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Highlights

  • Property Details
  • 7 lots with a lot total of 70,573 SF
  • 7 out of 8 lots in the block
  • 1,304 feet of combined frontage along Myrtle Avenue, Wyckoff Avenue, and Madison Street
  • Covered Land Play
  • 21 tenants with a WALT of 3.66 Years
  • In place NOI of $1,736,096
  • In place income assists with asset carry for a potential ULURP process
  • Phased Development Opportunity
  • Opportunity to revitalize a low-rise retail asset into a master-planned Mixed-Use development
  • C4-3 Zoning District allowing for two as-of right developments up to 338,750 SF, of which 171,492 SF can be residential
  • Given the transportation access and scale of the opportunity, long-term re-zoning optionality exists
  • Existing cash-flow allows for a developer to cover expenses during the pre-construction phase

Contacts

broker

James Nelson

Avison Young - US - NY - New York

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Ridgewood, NY
  • Neighborhood Ridgewood
  • Zip Code 11385
  • Market Queens

Points of Interest

  • Myrtle–Wyckoff Avenues

    0.17 miles

  • Halsey Street

    0.32 miles

  • Knickerbocker Avenue

    0.53 miles

  • Stanhope St & Wycoff Ave - SE Corner

    0.57 miles

  • Stanhope St & Wycoff Ave - NE Corner

    0.58 miles

  • Stanhope St & Wycoff Ave - NW Corner

    0.59 miles

  • Stanhope St & Wycoff Ave - SW Corner

    0.59 miles

  • Dekalb Ave & Wycoff Ave - NE Corner

    0.68 miles

  • Dekalb Ave & Wycoff Ave - SE Corner

    0.68 miles

  • Dekalb Ave & Wycoff Ave - NW Corner

    0.69 miles

  • BP

    0.30 miles

  • Hess

    0.69 miles

  • Shell

    1.01 miles

  • Sunoco

    1.08 miles

  • BP

    1.11 miles

  • American Gas

    1.14 miles

  • Citgo

    1.17 miles

  • Pure Energy

    1.23 miles

  • Exxon

    1.26 miles

  • BP

    1.27 miles

  • MMP Parking LLC

    0.67 miles

  • Stop & Shop Parking

    0.96 miles

  • Havens Place Lot

    1.53 miles

  • Connoly's Parking Lot

    2.24 miles

  • Private Parking Lot

    2.93 miles

  • FDNY Fleet Services

    3.08 miles

  • Cielo Garage

    3.18 miles

  • Underhill Garage

    3.31 miles

  • Kings County Parking Garage

    3.35 miles

  • Central Parking System of New York, Inc.

    3.45 miles

  • Taqueria El Patron Mexican Grill

    0.04 miles

  • Capybara

    0.07 miles

  • La Rubia Restaurant

    0.08 miles

  • Shogun Sushi

    0.09 miles

  • Royal Pizza

    0.10 miles

  • Little Caesars

    0.10 miles

  • Caribe Star

    0.11 miles

  • I Sushi

    0.11 miles

  • McDonald's

    0.12 miles

  • Jade Asian Express

    0.12 miles

  • Food Bazaar Supermarket

    0.04 miles

  • Extreme Department Store

    0.11 miles

  • ABC Super Stores

    0.12 miles

  • Food Bazaar Supermarket

    0.19 miles

  • Billy's Market Place

    0.19 miles

  • Armandos Grocery & Bakery

    0.21 miles

  • Himalaya Food Market

    0.26 miles

  • Sea Town

    0.28 miles

  • Meat Market

    0.30 miles

  • Associated Supermarket

    0.30 miles

Frequently Asked Questions

How much does Myrtle-Wyckoff Assemblage cost?

The sale price for Myrtle-Wyckoff Assemblage is available upon request. Contact the listing broker for more information.

What is the total square footage of Myrtle-Wyckoff Assemblage?

Myrtle-Wyckoff Assemblage totals 72,861 square feet.

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Contact Listing Broker

broker

James Nelson

Avison Young - US - NY - New York