59-40 Myrtle Avenue, Ridgewood, NY 11385

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 $281,619  Turnkey, easy-to-manage asset in Ridgewood's most desirable location  Actual cap rate of 7.14%