59-40 Myrtle Ave Ridgewood, NY 11385
Ridgewood NeighborhoodEstimated payment $18,887/month
Highlights
- Property is near public transit
- Wood Flooring
- Stainless Steel Appliances
About This Home
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 $249,120 Turnkey, easy-to-manage asset in Ridgewood's most desirable location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,677
Year Built
- Built in 1931 | Remodeled in 2018
Lot Details
- 2,932 Sq Ft Lot
Home Design
- Property Attached
- Brick Exterior Construction
Interior Spaces
- 4,410 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 8 Bedrooms
Laundry
- Dryer
- Washer
Location
- Property is near public transit
- Property is near a bus stop
Community Details
- Ridgewood Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2023 | -- | $144,607 | $55,871 | $88,736 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/10/2025 06/10/25 | For Sale | $3,250,000 | -- | $737 / Sq Ft |
Source: NY State MLS
MLS Number: 11514500

APN: 630100-03587-0027
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