Map of Property

6095 Myrtle Ave

6095 Myrtle Ave, Ridgewood, NY 11385

  • For Sale $5,250,000
  • Property Type Mixed Use
  • Property Size 12,326 SF
  • Units 6
  • Lot Size 0.12 Acre
  • # of Floors 3
  • Year Built 1915
  • Date Updated Apr 17, 2024
  • Website www.evergreenrealtyandinvestments.com

This free-market, corner, mixed-use building on the busy intersection of Myrtle Avenue and Fresh Pond Road in prime Ridgewood is an excellent value-add redevelopment and investment opportunity. The property has over 12,000 square feet, featuring three retail spaces and six three-bedroom, free-market apartments. One of the stores is occupied and rents at $2,185/month with a 3-4% increase each year. Built on a 5,174 square foot lot, the property is three stories high and boasts 12,326 total square feet of residential and retail space. The property offers 100 feet total of frontage (50 feet on Myrtle Avenue and 50 feet on Fresh Pond Road). The redevelopment deal has a CO for eight apartments. The building has the potential to produce a gross annual income of $388,225, boasting a 7.39% potential cap rate and making it an incredibly attractive value-add deal in Ridgewood, the most popular and rapidly developing neighborhood in Queens.

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Attachments

Highlights

  • REDEVELOPMENT DEAL
  • MIXED-USE FREE-MARKET CORNER DEAL
  • VALUE ADD

Contacts

broker

Daniel Barcelowsky

Evergreen Realty & Investments

(646) 373-7944

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    89/100 Excellent Transit

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Ridgewood, NY
  • Neighborhood Ridgewood
  • Zip Code 11385
  • Market Queens

Points of Interest

  • Fresh Pond Road

    0.37 miles

  • Forest Avenue

    0.49 miles

  • Halsey Street

    0.61 miles

  • Seneca Avenue

    0.68 miles

  • Middle Village–Metropolitan Avenue

    0.78 miles

  • Myrtle–Wyckoff Avenues

    0.88 miles

  • Wilson Avenue

    0.99 miles

  • Stanhope St & Wycoff Ave - NE Corner

    1.20 miles

  • Stanhope St & Wycoff Ave - SE Corner

    1.21 miles

  • Stanhope St & Wycoff Ave - NW Corner

    1.21 miles

  • Hess

    0.49 miles

  • American Gas

    0.80 miles

  • Shell

    0.98 miles

  • Citgo

    0.98 miles

  • BP

    1.03 miles

  • Mobile

    1.29 miles

  • BP

    1.31 miles

  • BP

    1.42 miles

  • Sunoco

    1.46 miles

  • GasTrac

    1.47 miles

  • Stop & Shop Parking

    0.20 miles

  • MMP Parking LLC

    1.29 miles

  • Havens Place Lot

    1.76 miles

  • Connoly's Parking Lot

    1.88 miles

  • West Side Tennis Club parking lot

    2.83 miles

  • Private Parking Lot

    2.99 miles

  • Sylvan Parking

    3.02 miles

  • FDNY Fleet Services

    3.37 miles

  • Kew Gardens LIRR Parking

    3.43 miles

  • Central Parking System of New York, Inc.

    3.69 miles

  • casa reservada para vacaciones

    0.15 miles

  • Red Carpet Inn

    0.63 miles

  • Neptune Hotel

    1.55 miles

  • hull

    1.57 miles

  • Lexington Inn - Brooklyn NY

    1.77 miles

  • Grand Motor Inn

    1.98 miles

  • Comfort Inn

    2.00 miles

  • Hotel Bogart Street, Brooklyn

    2.01 miles

  • New York Loft Hostel

    2.05 miles

  • Haven Hotel

    2.08 miles

  • Trattoria Cerbone

    0.01 miles

  • Corato II Pizza

    0.01 miles

  • Pupusas Ridgewood

    0.01 miles

  • Las Viandas

    0.05 miles

  • Ace Pizzeria and Restaurant

    0.05 miles

  • Ye Garden

    0.05 miles

  • Double

    0.06 miles

  • Chiquita's

    0.07 miles

  • Original Sal's Pizza

    0.09 miles

  • Zenith Thai

    0.10 miles

  • Jiggle Sprouts, Inc.

    0.25 miles

  • P.S. 68Q

    0.31 miles

  • Once Upon A Time Daycare & Preschool

    0.34 miles

  • Saint Matthias School

    0.42 miles

  • International School 96 Ridgewood

    0.53 miles

  • Intermediate School 93

    0.58 miles

  • Saint Pancras School

    0.58 miles

  • Supermoon Community Art Space

    0.59 miles

  • P.S. 91Q Richard Arkwright School

    0.60 miles

  • Robco Kid Care

    0.65 miles

  • Little Einstein's Daycare

    0.52 miles

  • Audrey Johnson Day Care Center

    0.92 miles

  • Precious Moments

    1.52 miles

  • Kidz Village

    2.24 miles

  • St. Martin's Nursery & Kindergarten School

    2.62 miles

  • Organic Kids NY

    2.80 miles

  • Ivy Day School

    2.88 miles

  • Brooklyn Kids Academy

    2.89 miles

  • House Of Playful Soul

    2.90 miles

  • Simcha Tots

    2.90 miles

Frequently Asked Questions

What is the lease rate for 6095 Myrtle Ave?

Rental asking rate at 6095 Myrtle Ave is $2,625,000.00/YR.

What is the total square footage of 6095 Myrtle Ave?

6095 Myrtle Ave totals 12,326 square feet.

When was this property built?

6095 Myrtle Ave was built in 1915.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Daniel Barcelowsky

Evergreen Realty & Investments

(646) 373-7944