Map of Property

6095 Myrtle Ave

For Sale

6095 Myrtle Ave, Ridgewood, NY 11385

This Ridgewood property for sale is located at 6095 Myrtle Ave. The current listed sale price for 6095 Myrtle Ave is $5,250,000. 6095 Myrtle Ave is situated on a lot that is 0.12 acre in size.

Contacts

broker

Daniel Barcelowsky

Evergreen Realty & Investments

(646) 373-7944

Property Details

This free-market, corner, mixed-use building on the busy intersection of Myrtle Avenue and Fresh Pond Road in prime Ridgewood is an excellent value-add redevelopment and investment opportunity. The property has over 12,000 square feet, featuring three retail spaces and six three-bedroom, free-market apartments. One of the stores is occupied and rents at $2,185/month with a 3-4% increase each year. Built on a 5,174 square foot lot, the property is three stories high and boasts 12,326 total square feet of residential and retail space. The property offers 100 feet total of frontage (50 feet on Myrtle Avenue and 50 feet on Fresh Pond Road). The redevelopment deal has a CO for eight apartments. The building has the potential to produce a gross annual income of $388,225, boasting a 7.39% potential cap rate and making it an incredibly attractive value-add deal in Ridgewood, the most popular and rapidly developing neighborhood in Queens.

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Highlights

  • REDEVELOPMENT DEAL
  • MIXED-USE FREE-MARKET CORNER DEAL
  • VALUE ADD

Attachments

Getting around

  • 97/100

    Walk Score ®

  • 89/100

    Transit Score ®

  • 73/100

    Bike Score ®

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Location

  • City Ridgewood, NY
  • Neighborhood Ridgewood
  • Zip Code 11385
  • Market Queens

Points of Interest

  • Fresh Pond Road

    0.37 miles

  • Forest Avenue

    0.49 miles

  • Halsey Street

    0.61 miles

  • Seneca Avenue

    0.68 miles

  • Middle Village–Metropolitan Avenue

    0.78 miles

  • Myrtle–Wyckoff Avenues

    0.88 miles

  • Wilson Avenue

    0.99 miles

  • Stanhope St & Wycoff Ave - NE Corner

    1.20 miles

  • Stanhope St & Wycoff Ave - SE Corner

    1.21 miles

  • Stanhope St & Wycoff Ave - NW Corner

    1.21 miles

  • Hess

    0.49 miles

  • American Gas

    0.80 miles

  • Shell

    0.98 miles

  • Citgo

    0.98 miles

  • BP

    1.03 miles

  • Mobile

    1.29 miles

  • BP

    1.31 miles

  • BP

    1.42 miles

  • Sunoco

    1.46 miles

  • GasTrac

    1.47 miles

  • Stop & Shop Parking

    0.20 miles

  • MMP Parking LLC

    1.29 miles

  • Havens Place Lot

    1.76 miles

  • Connoly's Parking Lot

    1.88 miles

  • West Side Tennis Club parking lot

    2.83 miles

  • Private Parking Lot

    2.99 miles

  • Sylvan Parking

    3.02 miles

  • FDNY Fleet Services

    3.37 miles

  • Kew Gardens LIRR Parking

    3.43 miles

  • Central Parking System of New York, Inc.

    3.69 miles

  • casa reservada para vacaciones

    0.15 miles

  • Red Carpet Inn

    0.63 miles

  • Neptune Hotel

    1.55 miles

  • hull

    1.57 miles

  • Lexington Inn - Brooklyn NY

    1.77 miles

  • Grand Motor Inn

    1.98 miles

  • Comfort Inn

    2.00 miles

  • Hotel Bogart Street, Brooklyn

    2.01 miles

  • New York Loft Hostel

    2.05 miles

  • Haven Hotel

    2.08 miles

  • Telco Stores

    0.04 miles

  • 99 cents

    0.14 miles

  • Grand 99¢&up Emporium

    0.17 miles

  • Stop & Shop

    0.21 miles

  • Good Neighbors Supermarket

    0.22 miles

  • M T Discount

    0.30 miles

  • Telco Stores

    0.32 miles

  • Checos Food Universe

    0.38 miles

  • Lot Less

    0.41 miles

  • Valentino Food Market

    0.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Daniel Barcelowsky

Evergreen Realty & Investments

(646) 373-7944