60-15 Myrtle Avenue, Ridgewood, NY 11385

Ridgewood, Ridgewood, New York 11385

$3,850,000  

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Listing ID Number

16760

Property Description

A 40' wide, three-story plus basement, block-through commercial building, on the north side of Myrtle Avenue between 60th Lane and 60th Street, while also fronting the south side of 71st Avenue in Ridgewood, Queens. The building consists of approx. 15,840 SF above grade (approx. 5,280 SF on
each floor) plus a full usable basement, two elevators (in need of substantial repair) and dual means of egress. The 2nd & 3rd floors consist of open loft
space with high ceilings and elevator access, offering an ideal conversion opportunity to residential apartments, loft studios or medical/professional
offices. The building is located approx. ½ mile from the [L] subway line, features brand new front/rear facades and new roof, and will be delivered completely vacant. All potential uses and square footage figures should be
independently checked and verified.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites
Location:North side of Myrtle Ave. between 60th Lane and 60th St.
Block/Lot:3518/8
Lot Dimensions:41.25 x 138'
IRR (Approx.)
Lot Sq Ft:5,312
(Approx.)
Stories:3 Plus Full Basement
Zoning:R6B / C1-4
Building Sq Ft:15,840
(Approx.)
Building Dimensions:40' x 138'
(Approx.)

Summary

Price Per Sq Ft:$243

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Thomas A. Donovan
Partner
(718) 275-3400 x 2626
tdonovan@masseyknakal.com

Eugene Kim
Director of Sales
(718) 275-3400 x 2618
ekim@masseyknakal.com

Tommy C. Lin
Director of Sales
(718) 275-3400 x 2609
tlin@masseyknakal.com

Robert Rappa
Associate
(718) 275-3400 x2601
rrappa@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.