Mixed-Use Building in Ridgewood Sells
Itzhaki Properties just announced the sale of the commercial and residential property at 5823-25 Myrtle Avenue, between Putnam Avenue and Madison Street in Ridgewood. The buyer picked up the building for $3,250,000. A teardown is possible: the 4,264-square-foot property has a total of 11,688 buildable square feet, and it’ll be delivered to the buyer vacant….
Itzhaki Properties just announced the sale of the commercial and residential property at 5823-25 Myrtle Avenue, between Putnam Avenue and Madison Street in Ridgewood. The buyer picked up the building for $3,250,000. A teardown is possible: the 4,264-square-foot property has a total of 11,688 buildable square feet, and it’ll be delivered to the buyer vacant. The three-story building currently holds five residential units and five commercial units, including a men’s clothing store and a dentist office.
As you might have guessed, Itzhaki Properties has something to say about all the attention Ridgewood’s been getting lately. In a press release sales associate Baruch Edelkopf stated, “The Ridgewood neighborhood is on the rise and everyone is taking note. Many investors are now looking at Ridgewood as the next lucrative real estate marketplace, and based on our recent transactions we have to agree.” GMAP
Photo via PropertyShark
They have already invaded our neighborhood. I see the hipsters from Willy B & Bushwick already here since I ride the train with them in the morning. We welcome them but not expensive real estate & demolition of original landmark sites.