Rare Mixed-Use Opportunity in Prime Ridgewood Location! Welcome to 69-38 Myrtle ave- a high exposure property offering exceptional versatility, income potential, and Value-add upside. Feauturing a total of 2,024 sq ft on a 23' x 88' lot, this mixed-use asset includes a ground floor commercial space with entrances on myrtle ave and Cooper st, plus two residential units above: A vacant 4 bedroom and a 3 bedroom Unit Currently occupied by cash tenants. The Commercial space ( currently rented at $3,500/ Month) is on a month to month basis and can be delivered vacant. it offers the option to split into two seperate store fronts, unlocking additional income potential. utilities are seperately metered: 3 Meters for commercial and 2 for residential - tenants pay their own utilities. Projected pro forma gross income of $146,700/year, with estimated expenses of $13,500/year, brings a potential net income of $133,200, yielding a 7% Cap rate at full market rents. Perfect for investors seeking upside or end-users looking to occupy and operate. Close to transit, retail, and Neighborhood amenities- this is a can't miss opportunity in on of queens' most desirable mixed-use corridors.

Listing courtesy of eXp Realty Bryan_Blanco@aol.com


Based on information submitted to the MLS GRID as of 2025-06-08 11:30 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.