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    5738 Myrtle Ave Ridgewood, NY 11385

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    For Sale
    $2,600,000

    Recently renovated retail building with excellent transit access and future potential.

    Property size:
    5,000 SF
    Lot size:
    0.04 Acres

    Property Features for 5738 Myrtle Ave

    General Information

    Size
    5,000 SF
    Lot size
    0.04 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Ridgewood Retail Opportunity

    This multi-level building is located in a prime retail location on Myrtle Avenue in Ridgewood, benefiting from strong foot traffic, excellent visibility, and proximity to major national retailers and neighborhood amenities. The property has undergone extensive recent upgrades, including a new commercial kitchen, modern ADA-compliant restrooms on two levels, upgraded mechanical systems (400 amps, 2” gas, 1½” water), and a roof with a 20-year warranty. Zoned C4-3A (R6A), the property has approximately 1,155 square feet of additional as-of-right air rights. The property is minutes from the Myrtle–Wyckoff Avenues station, a major transit hub served by the M and L subway lines, providing direct access to Brooklyn, Manhattan, and Queens. Additional nearby bus routes further enhance connectivity. The building offers a high-quality turn-key build-out for an operator and is suitable for a long-term hold with future upside through expansion or repositioning.
    Insight Report Location Intelligence

    Current Use by Public Records

    Kazdan Bernard DO Doctor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.902055
    Latitude
    40.700287

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    FAQs

    What type of property is this?
    Retail space - Recently renovated retail building with excellent transit access and future potential.
    Where is this retail space located?
    The property is located at 5738 Myrtle Ave Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Prime Ridgewood retail location on bustling Myrtle Avenue with strong foot traffic and excellent visibility.; - Recently renovated multi-level building with significant capital upgrades, including a new commercial kitchen and ADA-compliant restrooms.; - Excellent transit access via the M & L subway lines at Myrtle–Wyckoff Avenues station.
    (516) 647-7155
    Request Owner's contact information
    5738 Myrtle Ave Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5738 Myrtle Ave Ridgewood, NY 11385
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