Technical
Financial
Distress signals
Property profile

55-27 Myrtle Ave Queens, NY 11385

OFF-MARKET
Retail properties & Spaces
15,000 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 15,000-square-foot retail space, formerly the Ridgewood Theatre, presents a unique opportunity in Queens, NY. Located at 55-27 Myrtle Avenue, this single-tenant property boasts a stunning architectural design with soaring 22-foot ceilings and a prominent marquee facade. Its prime location at the entrance to the Myrtle-Wyckoff Avenue subway station (L & M trains, Q56 bus), ensures high visibility and accessibility, benefiting from an annual ridership of 6,400,000 passengers. The space offers flexible, open floor plans adaptable to various business needs, and includes a substantial 8,500-square-foot basement. The property features a modern glass storefront complementing the original architectural details, creating a striking visual appeal. Situated in the thriving Ridgewood neighborhood, known for its dense population and above-average household income, this location is surrounded by other national retailers, making it a triple-net-lease opportunity. Logical divisions of the space will be considered to accommodate specific business requirements. This is an unparalleled retail opportunity in a vibrant and high-traffic area. The property is located in Queens County, New York, zip code 11385.

Property profile

Verified
Property type Retail properties & Spaces
Total area 15,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

55-27 Myrtle Ave Queens, NY 11385
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 55-27 Myrtle Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message