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60-80-60-82 Myrtle Ave 38,510 SF 100% Leased Retail Building Ridgewood, NY 11385 $13,400,000 ($347.96/SF) 6.50% Cap Rate
Investment Highlights
- Prime Myrtle Avenue retail frontage
- Corner location near Fresh Pond Road
- Strong in-place cash flow
- Free Market -
Executive Summary
Mixed-Use (22 Residential (FM) | 2 Retail)
Building Size: ±38,510 SF
Lot Size: ±17,400 SF (Irregular)
Gross Income: ~$1,211,210
NOI: ~$891,882
Asking Price: $13,400,000
Cap Rate: ~6.5%
Building Size: ±38,510 SF
Lot Size: ±17,400 SF (Irregular)
Gross Income: ~$1,211,210
NOI: ~$891,882
Asking Price: $13,400,000
Cap Rate: ~6.5%
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
38,510 SF
Building Class
C
Year Built/Renovated
1938/2017
Price
$13,400,000
Price Per SF
$347.96
Cap Rate
6.50%
NOI
$871,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
3.16
Lot Size
0.28 AC
Zoning
R6B, C2-4, M1-4D
Frontage
100’ on Myrtle Ave
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Roof Terrace
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Telco Store
- Retailer
- -
- $24.00
- Modified Gross
- Jan 2022
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Telco Store | Retailer | - | $24.00 | Modified Gross | Jan 2022 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03590-0007 | Improvements Assessment | $1,600,290 |
| Land Assessment | $206,550 | Total Assessment | $1,806,840 |
Property Taxes
Parcel Number
03590-0007
Land Assessment
$206,550
Improvements Assessment
$1,600,290
Total Assessment
$1,806,840
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60-80-60-82 Myrtle Ave
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