6118 Myrtle Ave
Ridgewood, NY 11385
Retail Property For Sale

This three-story mixed-use building on the Ridgewood/Glendale border consists of one vacant store and two occupied apartments. Each apartment is fully renovated and has three bedrooms and two bathrooms and measures approximately 1,000 SF. The apartments also feature in-unit washer/dryers and dishwashers and they have stainless steel appliances, hardwood floors and recessed lighting. The store is approximately 2,000 SF and has floor-to-ceiling storefront windows and 20 FT of frontage on busy Myrtle Avenue, which boasts heavy foot traffic. It also has a full basement and a private restroom. At 4,000 SF, the building measures 20’ x 52’ and sits on a 2,000 SF lot measuring 20’ x 100.’ It has the potential to produce a gross annual income of approximately $113,940 and has a 6.7% potential cap rate. The building is just an 8-minute walk to the M train (Fresh Pond Road), a 12-minute walk to the L train (Halsey Street), and steps to multiple bus lines.