Retail Space
For Sale
Contact for pricing
54-00 Myrtle Avenue, Ridgewood, NY 11385
Leased retail portfolio spanning seven tax lots with frontage on three streets.
Property Size72,861 SF
Lot Size1.62 Acres
Days on Market194
Property Features for 54-00 Myrtle Avenue
General Information
Standard status
Active
Size
72,861 SF
Lot size
1.62 Acres
Property subtype
Street Retail
Zoning
C4-3
Net Operating Income
$1,736,096
Site & Location
Road Frontage
1,304 ft
Road Access
Yes
Land
Land Use
commercial
Entitled
Yes
Building Details
Building Size
72,861 SF
Tenancy
Multi
Listing Agency:
Avison Young - New York
(212) 729-6585
Listed By:
James Nelson · License #10301211302
(212) 729-6585
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 11:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - New York
Investment Insights
Based on property information with market context.
The property consists of seven tax lots containing 72,861 SF of retail space and 21 tenant spaces, with leases carrying varying expiration dates. The lots total 70,573 SF and represent seven of the eight lots within the block. Combined frontage measures 1,304 feet along Myrtle Avenue, Wyckoff Avenue, and Madison Street.
Located at 54-00 Myrtle Avenue in Ridgewood, the assemblage sits at the intersection of Myrtle Avenue and Wyckoff Street in Bushwick/Ridgewood, Brooklyn. The existing retail configuration provides an operating base for phased redevelopment planning.
A potential development concept includes two mixed-use buildings with 171,492 ZFA of residential area, 239,948 ZFA of commercial area, and 338,750 ZFA of community facility buildable area. The property is within a C4-3 Zoning District, and transportation access is identified as supporting long-term rezoning optionality.
Located at 54-00 Myrtle Avenue in Ridgewood, the assemblage sits at the intersection of Myrtle Avenue and Wyckoff Street in Bushwick/Ridgewood, Brooklyn. The existing retail configuration provides an operating base for phased redevelopment planning.
A potential development concept includes two mixed-use buildings with 171,492 ZFA of residential area, 239,948 ZFA of commercial area, and 338,750 ZFA of community facility buildable area. The property is within a C4-3 Zoning District, and transportation access is identified as supporting long-term rezoning optionality.
Key Highlights
- Seven tax lots totaling 70,573 SF
- 72,861 SF of existing retail space across 21 tenant spaces
- 3.66 Years of WALT with varying lease expiration dates
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,882
Businesses Nearby
398k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 36%
Shops & Services 16%
Apparel 6%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.2 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.1 miles
Burger King
Dining
36,411 visits/mo
0.4 miles
White Castle
Dining
24,528 visits/mo
0.1 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.0 miles
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Leased retail portfolio spanning seven tax lots with frontage on three streets.
Where is this retail space located?
The property is located at 54-00 Myrtle Avenue Ridgewood, NY.
What are key features of this property?
This property features: Seven tax lots totaling 70,573 SF; 72,861 SF of existing retail space across 21 tenant spaces; 3.66 Years of WALT with varying lease expiration dates
