Mixed-Use Buildings with
For Sale
Contact for pricing
56-34 Myrtle Avenue, Ridgewood, NY 11385
Two contiguous buildings combine ground-floor retail with renovated one-bedroom apartments.
Property SizeContact for details
Days on Market12
Property Features for 56-34 Myrtle Avenue
General Information
Standard status
Active
Property subtype
Retail
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Scott Plasky · License #NY 40PL1176852
(212) 430-5229
Source:
Crexi
Added: Aug 31
Changed: Sep 9
Last Checked: Sep 10 at 7:44AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
The offering includes two contiguous mixed-use buildings at 56-34 and 56-36 Myrtle Avenue in Ridgewood, Queens. Together, the properties contain two ground-floor retail units and eight fully renovated, free-market one-bedroom apartments.
A master lease runs through June 2062. The tenant is responsible for real estate taxes, insurance, utilities, repairs, maintenance, and structural components, creating a lease structure with limited day-to-day ownership responsibilities. Scheduled rent increases occur at 10 percent every five years.
A master lease runs through June 2062. The tenant is responsible for real estate taxes, insurance, utilities, repairs, maintenance, and structural components, creating a lease structure with limited day-to-day ownership responsibilities. Scheduled rent increases occur at 10 percent every five years.
Key Highlights
- Two contiguous mixed‑use buildings at 56‑34 and 56‑36 Myrtle Avenue
- Two ground‑floor retail units and eight apartments
- Eight fully renovated, free‑market one‑bedroom apartments
Property Analytics
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Current Use
Lease Details
8
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,882
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two contiguous buildings combine ground-floor retail with renovated one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 56-34 Myrtle Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,855,000.
What are key features of this property?
This property features: Two contiguous mixed‑use buildings at 56‑34 and 56‑36 Myrtle Avenue; Two ground‑floor retail units and eight apartments; Eight fully renovated, free‑market one‑bedroom apartments
