59-40 Myrtle Avenue

• Prime Corner Location — Highly visible corner of Myrtle Avenue and Norman Street along Ridgewood’s primary retail corridor, with frontage on both streets.
• Turnkey Asset — Fully gut-renovated in 2018, allowing a new owner to step in with no immediate renovation needed.
• Diversified Mixed-Use Income — Two ground-floor retail units (±1,470 SF) beneath two residential units (±2,940 SF).
• Secured Retail Income — Coffee shop and dessert shop tenants on 5-year leases with 3% annual rent escalations.
• Tax Reimbursements — Retail tenants reimburse 50% of real estate tax increases over their base year.
• Free-Market Residential — 1,350 SF 4-bed / 2-bath units with efficient layouts and windows on three sides, providing abundant natural light. Washer and dryer in unit as well as dishwasher.
• Transit Access — Walking distance to the Fresh Pond Road and Forest Avenue M train stations, with direct service to Midtown Manhattan.