Contacts
Daniel Barcelowsky
Evergreen Realty & Investments
Property Details
- Property Type Mixed Use
- Property Size 12,326 SF
- Units 6
- Lot Size 0.12 Acre
- Additional Rent Contact for pricing
- # 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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Highlights
- REDEVELOPMENT DEAL
- MIXED-USE FREE-MARKET CORNER DEAL
- VALUE ADD
Attachments
Getting around
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97/100
Walk Score ®
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89/100
Transit Score ®
-
73/100
Bike Score ®
Location
- City Ridgewood, NY
- Neighborhood Ridgewood
- Zip Code 11385
- Market Queens
Points of Interest
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Halsey Street
0.61 miles
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Middle Village–Metropolitan Avenue
0.78 miles
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Myrtle–Wyckoff Avenues
0.89 miles
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Stanhope St & Wycoff Ave - NE Corner
1.20 miles
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Stanhope St & Wycoff Ave - SE Corner
1.21 miles
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Stanhope St & Wycoff Ave - NW Corner
1.21 miles
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Stanhope St & Wycoff Ave - SW Corner
1.22 miles
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Knickerbocker Avenue
1.27 miles
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Dekalb Ave & Wycoff Ave - NE Corner
1.29 miles
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Dekalb Ave & Wycoff Ave - SE Corner
1.30 miles
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Hess
0.49 miles
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American Gas
0.80 miles
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Shell
0.98 miles
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Citgo
0.98 miles
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BP
1.03 miles
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Conoco
1.28 miles
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Mobile
1.29 miles
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Sunoco
1.46 miles
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Tesla Supercharger
1.53 miles
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Revel
2.88 miles
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Stop & Shop Parking
0.20 miles
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MMP Parking LLC
1.29 miles
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Havens Place Lot
1.76 miles
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Connoly's Parking Lot
1.88 miles
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School bus parking
1.90 miles
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West Side Tennis Club parking lot
2.83 miles
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Parking Area C
2.93 miles
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Private Parking Lot
2.99 miles
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Parking Area E
3.01 miles
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Sylvan Parking
3.02 miles
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casa reservada para vacaciones
0.15 miles
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Red Carpet Inn
0.63 miles
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Latisha Luxury Place
1.35 miles
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Marina Hotel
1.55 miles
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hull
1.57 miles
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Hotel Omega
1.63 miles
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Riviera Motor Inn
1.66 miles
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Imperial Hotel
1.72 miles
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East New York Inn
1.77 miles
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Holiday Inn Express
1.81 miles
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Telco Stores
0.04 miles
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99 cents
0.14 miles
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Biedronka
0.15 miles
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Grand 99¢&up Emporium
0.17 miles
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Stop & Shop
0.21 miles
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Good Neighbors Supermarket
0.22 miles
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M T Discount
0.30 miles
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Checos Food Universe
0.38 miles
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Lot Less
0.41 miles
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Valentino Food Market
0.43 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Daniel Barcelowsky
Evergreen Realty & Investments
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