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6622 Myrtle Ave
Ridgewood, NY 11385
62-22 Myrtle Avenue · Multifamily Property For Sale · 3 Units

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Executive Summary

Fantastic investment prospect: this mixed-use property, located at the border of Ridgewood and Glendale, features two 3 Bedroom residential units and a commercial space, offering a 5% cap rate. Both commercial and residential units are below market rates and present opportunity for substantial upside. Residential units can be delivered vacant.
Can be packaged with 7118 Myrtle Avenue.
Photos coming soon.

Property Facts

Price Per Unit $531,667
Sale Type Investment
Cap Rate 5.08%
Sale Conditions
1031 Exchange
  • Build to Suit
  • Bulk/Portfolio Sale
Gross Rent Multiplier 13.7
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Building Size 3,135 SF
Average Occupancy 100%
No. Stories 3
Year Built 1931
Zoning 13d

Amenities

Unit Amenities

  • Stainless Steel Appliances

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 3 $2,300 1,045

Property Taxes

Property Taxes

Parcel Number
03699-0032
Land Assessment
$8,669
Improvements Assessment
$31,812
Total Assessment
$40,481
  • Listing ID: 38410530

  • Date on Market: 11/11/2025

  • Last Updated:

  • Address: 6622 Myrtle Ave, Ridgewood, NY 11385

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