Prime corner building on the busiest block in Ridgewood with coveted tax class 2A
Two stores and two apartments
Double sidewalk frontage: 47 feet on Myrtle Avenue, 62 feet on Norman Street
Total of 109 feet of wraparound visibility
Fully gut-renovated in 2018
Three-story mixed-use building totaling approx. 4,398 SF
Two spacious residential units: each with 4 bedrooms and 2 bathrooms
Ground-floor tenants: established coffee shop and an established regional dessert franchise
High foot traffic ensures consistent retail activity
Retail leases include 50% real estate tax over base year + 3% annual increases
Annual gross income of approximately $236,500
Turnkey, easy-to-manage asset in Ridgewood’s most desirable location
Actual cap rate of 5.75%