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Property profile & analytics
FOR SALE
Retail residential properties
5738 Myrtle Ave, Ridgewood, NY 11385
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-2118939
For Sale
1 / 3
$1,675,000
5738 Myrtle Ave, Ridgewood, NY 11385
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1931
Total area
3,750 SF
Lot
0.04 ac (1,635 SF)
Zoning code
C4-3A
APN
03573-0018
UPID
US63-2118939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kazdan Bernard DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$446k
Blend (final)
Blend
$550k
Owner & transaction history
Wlp 57-38 Myrtle Avenue LLC · 10 yrs held
Wlp 57-38 Myrtle Avenue LLC
since 2015
7 recorded transactions
Zoning & alternative use
C4-3A · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ridgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$147 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,901
Tax year 2024
Assessed value
$394,200
Assessed 2024
Previous assessed
$317,610
+24.1% YoY
Effective rate
8.85%
On assessed value
Assessed land
$49,500
Assessed improvement
$344,700
Land market value
$110,000
Improvement market value
$766,000
Total market value
$876,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
3,750 SF
Lot
0.04 ac (1,635 SF)
Zoning code
C4-3A
APN
03573-0018
UPID
US63-2118939
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3A · Flushing, NY
Zoning C4-3A · permitted uses
C4-3A · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Wlp 57-38 Myrtle Avenue LLC
Entity
Mailing address
253 HAYSTACK LN, SNOWMASS, CO 81654-9312
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Wlp 57-38 Myrtle Avenue, LLC
—
Deed
related
—
Nov 19, 2018
—
Wlp 57-38 Myrtle Avenue LLC
—
Deed
related
$1,030,000 · Jpmorgan Chase Bank NA
Oct 30, 2015
$2,600,000
Wlp 57-38 Myrtle Avenue LLC
Infinity 57-38 Myrtle Ave LLC
Grant Deed
—
Jan 28, 2013
—
57-38 Myrtle Ave LLC
—
Grant Deed
related
$3,686,500 · Cinganelli LLC
Nov 28, 2012
$994,980
Infinity 57-38 Myrtle Ave LLC
57-38 Myrtle Avenue LLC
Grant Deed
—
Apr 9, 2008
—
57-38 Myrtle Avenue LLC
Cinganelli,carlo & Antoinetta
Grant Deed
related
—
—
—
Infinity 55-01 Myrtle Ave LLC
—
Deed Of Trust
related
$3,128,126 · 55-03 Myrtle Avenue LLC
—
—
Infinity 55-01 Myrtle Ave LLC
—
Deed Of Trust
related
$558,373 · Cinganelli LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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