60-83 Myrtle Avenue | Mixed-Use Investment Opportunity
$1,650,000
60-83 Myrtle Avenue, Ridgewood, NY 11385
For Sale
Mixed Use
Unknown Sub Type
Active
Last Updated: 10/27/2025
6.77
Projected Cap Rate
4,000 sqft
Building Size
Details:
Projected Cap Rate: 6.77%
Building Size: 4,000 sqft
Units: 3
Price Per Sqft: $412
Zoning: R6B, C2-4
Highlights:
- Prime Location: Located between Fresh Pond Road and 60th Lane on Myrtle Avenue with guaranteed foot traffic.
- Vacancy: The property will be delivered with two vacant renovated residential units, each being 950 net square feet, offering immediate leasing or owner-occupancy opportunities.
- Split Utilities: Tenants are responsible for their own heat, gas, and electricity, minimizing operating expenses for ownership. Each unit includes a separate boiler.
- Transportation: Located just a 10-minute walk from the Fresh Pond Road M Train station, offering direct access to Manhattan and Williamsburg.
Documents:
| Title | ||
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| Offering Memorandum |
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Location
Gallery
