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76-17 Myrtle Ave
Ridgewood, NY 11385
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Low Taxes: The property’s tax class caps annual tax hikes to an average of 4% over five years.
  • Upside in Rents: Section 8 vouchers grew an average of 7.7% yearly for the last three years.
  • Turnkey: Rent is 100% paid by Section 8 / CityFHEPS with no tenant contribution, all but guaranteeing a cash-flowing property.
  • Reduced Expenses: The units benefit from central air & heat, reducing the new owner’s share of operating costs.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,300 SF
Building Class
C
Year Built
1925
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.05 AC
Zoning
R4B, C1-3
Frontage
26’ on Myrtle Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03826-0034
  • 03826-0035
Land Assessment
$59,597
Improvements Assessment
$69,878
Total Assessment
$129,475
  • Listing ID: 28505984

  • Date on Market: 5/17/2023

  • Last Updated:

  • Address: 76-17 Myrtle Ave, Ridgewood, NY 11385

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