$3,250,000

59-40 Myrtle Ave Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated payment $18,887/month

Total Views 4,435
8 Beds
6 Baths
4,410 Sq Ft
$737 Price per Sq Ft

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.

Listing Agent

Emma Barattini

EVERGREEN REALTY & INVESTMENTS Listed on: 06/10/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,677

Year Built

Built in 1931 | Remodeled in 2018

Lot Details

0

Listing Details

  • FloorHardwood: Yes
  • HamletID: 0
  • InteriorAmps: 0
  • IsNaturalGasAvailable: Yes
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • NearBus: Yes
  • NearTrain: Yes
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Ridgewood
  • PropertyTownship: Queens
  • Prop. Type: House (Attached)
  • PropertyZipCode: 11385
  • PropertyZoneType: 0
  • Renovation Year: 2018
  • SForSaleAndRForRental: S
  • SidingBrick: Yes
  • USStateAbbreviation: NY
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Renovated: 2018

Interior Features

  • ApplianceDishwasher: Yes
  • ApplianceDryer: Yes
  • ApplianceMicrowave: Yes
  • ApplianceOven: Yes
  • ApplianceRefrigerator: Yes
  • ApplianceStainlessSteel: Yes
  • ApplianceWasher: Yes
  • BasementAreaSquareFootage: 0
  • Basement Type: Full
  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 4410

Exterior Features

  • Construction Type: Masonry - Brick

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 2932
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 8
  • Total Taxes: 20677

Tax Info

  • Tax Year: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

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

Source: NY State MLS

MLS Number: 11514500

NY State MLS

APN: 630100-03587-0027

New York Queens County Ridgewood 11385 Ridgewood

59-40 Myrtle Ave, Ridgewood, NY

This home is located at 59-40 Myrtle Ave, Ridgewood, NY 11385 and is currently priced at $3,250,000, approximately $736 per square foot. This property was built in 1931. 59-40 Myrtle Ave is a home located in Queens County with nearby schools including P.S. 68 - Cambridge, Joseph F. Quinn Intermediate School 77, and Sacred Heart School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NY State MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Emma Barattini
Listing Agent
Emma Barattini
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EVERGREEN REALTY & INVESTMENTS
(347) 537-6652