5940-5942 Myrtle Ave

Prime corner building on the busiest block in Ridgewood with coveted tax class 2A. Two stores and two apartments. Double sidewalk frontage: 47 feet on Myrtle Avenue, 62 feet on Norman Street. Total of 109 feet of wraparound visibility. Fully gut-renovated in 2018. Three-story mixed-use building totaling approx. 4,398 SF. Two spacious residential units: each with 4 bedrooms and 2 bathrooms. Ground-floor tenants: established coffee shop and an established regional dessert franchise. High foot traffic ensures consistent retail activity. Retail leases include 50% real estate tax over base year + 3% annual increases. Annual gross income of approximately $249,834. Turnkey, easy-to-manage asset in Ridgewood’s most desirable location.