56-53 Myrtle Avenue, Ridgewood, NY 11385

CORNER MIXED-USE BUILDING, 41' FRONTAGE ON MYRTLE AVENUE

-Three-story, mixed-use corner building in prime Ridgewood. -One store and two apartments. One is vacant and one is renting at $3,000/month. Each apartment has three bedrooms and two bathrooms. -The store measures 1,900 SF, and has floor-to-ceiling storefront windows. -41 feet of frontage on bustling Myrtle Avenue which boasts excellent foot traffic. -Commercial space is currently a bar renting at $6,753/month. -At 3,114 SF, the building measures 41' x 43' and sits on a 1,038 SF lot measuring 41.17' x 43.33'. -Actual gross annual income of approximately $165,036. -Actual cap rate of 7.7% -6-minute walk to the M train, a 9-minute walk to the L and M trains, and steps from multiple bus lines.