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5819 Myrtle Ave 4,560 SF of Retail Space Available in Ridgewood, NY 11385
HIGHLIGHTS
- HUGE FRONTAGE WITH FABULOUS VISIBILITY
- FULL SIZE LOWER LEVEL
- IN FRONT OF Q55, Q58 & B38 BUS STOP AND SHORT WALK TO L AND M SUBWAY LINE
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,560 SF | 10-15 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Formerly a bank. New tenant is occupying and needs 120 days.
- Fully Built-Out as a Bank
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Basement
- High visibility with heavy traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,560 SF | Gross Leasable Area | 9,200 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront |
| Total Space Available | 4,560 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,200 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
FORMER BANK BUILDING, PRIME LOCATION ON MYRTLE AVENUE IN RIDGEWOOD QUEENS. THE AREA HAS BEEN GENTRIFYING FOR THE PAST TEN YEARS, WITH AN ARRAY OF NEW HIGH END RESIDENTIAL PROJECTS CONTINUING AND COMPLETED, BRING MANY NEW CLIENTELE TO THE NEIGHBORHOOD. NEIGHBOORS INCLUDE NEIGHBORS: CHILDREN’S PLACE, CARTER’S, OSH KOSH, BATH & BODY WORKS, RAINBOW, FABCO, MATTRESS FIRM, BLINK FITNESS, CVS, RITE AID, CITY MD, NORTHWELL HEALTH, LENOX HILL RADIOLOGY, MARK MEDICAL VEIN CARE, SUNYVALE PHYSICAL THERAPY, CHAI CARE, STERLING OPTICAL, STARBUCKS, AT&T, DUNKIN DONUTS, MCDONALD’S, BURGER KING, TACO BELL, BOOST, SPRINT, METRO PCS, GAMESTOP, T-MOBILE, VERIZON, TD BANK, POPULAR BANK, INVESTORS BANK, BANK OF AMERICA, AND MANY MORE, PLUS RECENTLY SIGNED: TARGET, AND BURLINGTON.
NEARBY MAJOR RETAILERS
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5819 Myrtle Ave
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