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Prime Ridgewood Retail Opportunity

5738 Myrtle Ave, Ridgewood, NY

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For Sale

Contact for pricing

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

Type:RETAIL

Property size:

5,000 SF

Lot size:

0.04 Acres

Price / SF:

$520/SF

HighLights

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.
Zoning flexibility (C4‑3A, R6A) with ~1,155 SF of additional as‑of‑right air rights for future expansion.
Upgraded mechanical systems (400 amps, 2” gas, 1½” water).
New roof with a 20‑year warranty.

We can help!

Listing Contact

Stephen R. Preuss

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

5,000 SF

Lot size:

0.04 Acres

Price / SF:

$520/SF

Added:: Sep 15, 2025
Days on Market:: 275
Last Refresh:: May 20 at 8:20 pm

Property Features for 5738 Myrtle Ave

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.04 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Stephen R. Preuss

Listing agent Stephen R. Preuss License #NY 10401281448

Listing office RIPCO Real Estate - Queens

Listing date Sep 15, 2025

Source Moodyscre

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 RIPCO Real Estate - Queens

HighLights

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.
Zoning flexibility (C4‑3A, R6A) with ~1,155 SF of additional as‑of‑right air rights for future expansion.
Upgraded mechanical systems (400 amps, 2” gas, 1½” water).
New roof with a 20‑year warranty.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$330.0k	$66.00
− Vacancy	−$21.5k	−$4.29
EGI	$308.6k	$61.71
− OpEx	−$77.1k	−$15.43
NOI	$231.4k	$46.28

5,000 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$3.31M

$2.89M – $3.86M (±1% cap)

NOI $231,413 @ 7.0% cap · market cap 8.90%

Second Best

Retail

$1.27M

$1.12M – $1.49M (±1% cap)

NOI $89,250 @ 7.0% cap · market cap 3.43%

Theoretical Best

Office A

$3.69M

$3.23M – $4.30M (±1% cap)

NOI $258,024 @ 7.0% cap · market cap 9.92%

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

Property Profile Location Intelligence

Current Use by Public Records

Kazdan Bernard DO Physician

Suggested Use

Location Insight

Map
Local Demand

City: Ridgewood
County: Queens
State: New York
Longitude: -73.9021
Latitude: 40.7003

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For sale
Retail space
NY
Ridgewood
5738 Myrtle Ave

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.

5738 Myrtle Ave, Ridgewood, NY

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

Property Features for 5738 Myrtle Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Ridgewood Historic District Two-Family Townhouse

Ridgewood Six-Unit Income Property

Mixed-Use Investment in Ridgewood, NY

Ridgewood Two-Family Restoration Opportunity

Three-Family Triplex with Garage

Ridgewood Turnkey Six-Family Building

Ridgewood Mixed-Use Investment Opportunity

Ridgewood Six-Family Brick Building

Ridgewood Multifamily Investment Opportunity

Ridgewood Mixed-Use Investment Opportunity

Two-Family Home with Development Potential

Ridgewood Multifamily Investment Opportunity

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