Massey Knakal Sells Commercial Building In Ridgewood, Queens
A commercial building at 60-15 Myrtle Avenue, running block-through to 71st Avenue between 60th Lane and 60th Street in the Ridgewood neighborhood of Queens, was sold in an all-cash transaction valued at $3,250,000
The three-story building contains approximately 15,840 square feet and sits on a 41.25’ x 138’ irregular lot. It benefits from two elevators and dual means of egress and features brand new front and rear facades and a new roof. The second and third floors consist of open loft space with high ceilings and elevator access. The sale price equates to approximately $205 per square foot.
This property is located in Ridgewood, a vibrant, emerging neighborhood of Queens conveniently accessible via the L train.
“The sale of this property is further indication that there is a shift in attitude towards Ridgewood and that developers and investors are eager to capitalize on the future of the neighborhood,” said Massey Knakal’s Thomas A. Donovan, who exclusively handled this transaction.