For sale

$3,150,000

5940 Myrtle Ave, Flushing, NY 11385

8beds

4,410sqft

Single Family Residence

Built in 1931

2,932 Square Feet Lot

$-- Zestimate^®

$714/sqft

$-- HOA

What's special

Wraparound visibilityDouble sidewalk frontageSpacious residential unitsCorner building

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 $249,800 Turnkey, easy-to-manage asset in Ridgewood's most desirable location.

391 days

90

3

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 4
1/2 bathrooms: 2

Heating

Has Heating (Unspecified Type)

Appliances

Included: Dishwasher, Dryer, Refrigerator, Microwave, Oven, Washer, Stainless Steel Appliances

Features

Flooring: Hardwood
Basement: Full
Has fireplace: No

Interior area

Total structure area: 4,410
Total interior livable area: 4,410 sqft
Finished area above ground: 4,410

Property

Features

Stories: 3
Frontage length: 0

Lot

Size: 2,932 Square Feet
Features: Near Bus, Near Train

Details

Parcel number: 03587002701
Lease amount: $0

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Masonry - Brick, Brick Siding

Condition

New construction: No
Year built: 1931
Major remodel year: 2018

Utilities & green energy

Electric: Amps(0)
Utilities for property: Naturl Gas Available

Community & HOA

Community

Subdivision: Ridgewood

HOA

Has HOA: No

Location

Region: Flushing

Financial & listing details

Price per square foot: $714/sqft
Tax assessed value: $800,000
Annual tax amount: $20,677
Date on market: 6/10/2025
Date available: 06/10/2025
Listing agreement: Exclusive

Estimated market value

Not available

Estimated sales range

Not available

$4,343/mo

Price history

Date	Event	Price
3/5/2026	Price change	$3,150,000-3.1%$714/sqft
Source: NY State MLS #11514500 Report a problem
6/10/2025	Listed for sale	$3,250,000$737/sqft
Source: NY State MLS #11514500 Report a problem
7/14/2024	Listing removed	--
Source: Zillow Rentals Report a problem
6/18/2024	Listed for rent	$4,750$1/sqft
Source: Zillow Rentals Report a problem

Public tax history

Year	Property taxes	Tax assessment
2020	$15,871 +7%	$360,000 +17.8%
2019	$14,834 +5.7%	$305,550 +174.7%
2018	$14,029 -0.8%	$111,236
2017	$14,148	$111,236 +2.8%
2016	--	$108,250 +25.4%
2015	--	$86,343

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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