Queens  »  11385  »  Myrtle Ave  »  5431 Myrtle Ave

54-31 Myrtle Avenue, Ridgewood, NY 11385 - Property report

Also known as: 54-31 Myrtle Ave

Property image for 54-31 Myrtle Avenue, Ridgewood, NY 11385
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Property type

Predominant Retail with Other Uses (K4)

Year built

2022

Lot sq. ft.

3,585

Sale price

$31,817,360

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
54-31 Myrtle Avenue
ZIP code
11385
Neighborhood
Ridgewood
Borough
Queens
Block & lot
03445-0001

Owner

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Building
Property type
Predominant Retail with Other Uses (K4)
Building sq. ft.
13,921
Building dimensions
187 ft x 200 ft
Stories
17
Year built
2022
Building material
Sales
Sale date
09/10/2021
Sale price
$31,817,360 - M
Tax
Tax year
2026-2027
Property tax
$102,021
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
69.6 ft x 100 ft
Lot sq. ft.
3,585

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
24
Community district
5
Closest police station
0.41 Miles
Closest fire station
0.33 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 54-31 Myrtle Avenue, Ridgewood, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 54-31 Myrtle Avenue, Ridgewood, NY 11385

Sale date Sale price Buyer name Seller name
09/10/2021 $31,817,360 XXXXXXXXX XXXXX XX XXX XXX XXXXXXXXX XXXXX XXX XXX XXXXXXXXX XXXXX XXX
02/26/2018 $11,000,000 XXXXXXXXX XXXXX XXX XXXXXXXX XXXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/26/2026 - R UCC3 Continuation
(2026022500968002)		 XXXXXXXXX XXXXX XXX XX XXXXXXXX XXXXXXXX X XXX
02/26/2026 - R UCC3 Continuation
(2026022500968001)		 XXXXXXXXX XXXXX XXX XX XXXXXXXX XXXXXXXX X XXX
05/30/2025 - R
05/27/2025 - D		 Declaration
(2025052900919001)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX
05/16/2022 - R UCC3 Assignment
(2022050301369010)		 XXXXXXXXX XXXXX XX XXX XX XXXXXXXX XXXXXXXX X XXX
05/16/2022 - R UCC3 Assignment
(2022050301369009)		 XXXXXXXXX XXXXX XXX XX XXXXXXXX XXXXXXXX X XXX
05/16/2022 - R UCC3 Assignment
(2022050301369008)		 XXXXXXXXX XXXXX XXX XX XXXXXXXX XXXXXXXX X XXX
05/16/2022 - R UCC3 Assignment
(2022050301369007)		 XXXXXXXXX XXXXX XX XXX XX XXXXXXXX XXXXXXXX X XXX
05/16/2022 - R
04/25/2022 - D		 Asgn of Asgn of L&R
(2022050301369006)		 XX XXXXXXXX XXXXXXXX X XXX XXXXXXXX XXXX
05/16/2022 - R
04/25/2022 - D		 Asgn of Asgn of L&R
(2022050301369005)		 XX XXXXXXXX XXXXXXXX X XXX XXXXXXXX XXXX
05/16/2022 - R
04/25/2022 - D		 Assignment, Mortgage
(2022050301369004)		 XX XXXXXXXX XXXXXXXX X XXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 54-31 Myrtle Avenue, Ridgewood, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$102,021
Municipal exemptions
Recent tax assessments
Market value
$2,089,915
Assessed value
$940,462

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $345,000 $155,250 $142,560 10.848% $15,465 $15,465 +12.84%
2024/25 $345,000 $155,250 $127,350 10.762% $13,705 $13,705 +15.39%
2023/24 $359,000 $161,550 $112,140 10.592% $11,878 $11,878 -82.23%
2022/23 $1,500,000 $675,000 $628,020 10.646% $66,859 $66,859 +21.61%
2021/22 $1,136,000 $511,200 $511,200 10.755% $54,980 $54,980 -19.16%
2020/21 $1,499,000 $674,550 $635,940 10.694% $68,007 $68,007 +5.29%
2019/20 $1,456,000 $655,200 $612,990 10.537% $64,591 $64,591 +5.09%
2018/19 $1,387,000 $624,150 $584,550 10.514% $61,460 $61,460 +5.70%
2017/18 $1,378,000 $620,100 $553,050 10.514% $58,148 $58,148 +6.32%
2016/17 $1,346,000 $605,700 $517,230 10.574% $54,692 $54,692 +5.22%
Permits

Permit information for 54-31 Myrtle Avenue, Ridgewood, NY

Filing date Job type Job status Job description Initial cost
04/28/2021 Alteration
07/06/2020 Full demolition
10/30/2019 Alteration
03/04/2019 Alteration type 2
03/12/2018 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Palmetto St & Wycoff Ave at NE Corner
Station lines
L-M
Distance (miles)
0.056
View subway map

Access the detailed traffic volume map for 54-31 Myrtle Avenue, Ridgewood, NY 11385 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 54-31 Myrtle Avenue, Ridgewood, NY

108-16 174th St, Jamaica 137-20 226th St, Springfield Gardens 137-56 234th St, Rosedale 43-23 37th Ave, Long Island City 10-50 46th Rd, Long Island City 118-43 198th St, Saint Albans 15-35 129th St, College Point 137-26 160th St, Jamaica 120-33 Inwood St, Jamaica 21-39 72nd St, East Elmhurst 122-25 Long St, Jamaica 135-02 Rockaway Beach Blvd, Rockaway Park 109-38 142nd St, Jamaica 97-16 161st Ave, Howard Beach 45-63 159th St, Flushing 230-15 139th Ave, Springfield Gardens 16-37 Woodbine St, Ridgewood 255-09 Francis Lewis Blvd, Rosedale 31-33 80th St, East Elmhurst 5-59 Beach 65 St, Arverne

Nearby ZIP codes for 54-31 Myrtle Avenue, Ridgewood, NY

11104, New York City, NY 11206, New York City, NY 11207, New York City, NY 11208, New York City, NY 11212, New York City, NY 11221, New York City, NY 11233, New York City, NY 11237, New York City, NY 11239, New York City, NY 11372, New York City, NY 11373, New York City, NY 11374, New York City, NY 11375, New York City, NY 11377, New York City, NY 11378, New York City, NY 11379, New York City, NY 11416, New York City, NY 11417, New York City, NY 11418, New York City, NY 11421, New York City, NY

Frequently asked questions

What is the year built for 54-31 Myrtle Avenue, Ridgewood, NY 11385?

The development at 54-31 Myrtle Avenue, Ridgewood, NY 11385 was built in 2022.

What is the market value of 54-31 Myrtle Avenue, Ridgewood, NY 11385?

The current market value of 54-31 Myrtle Avenue, Ridgewood, NY 11385 is $2,089,915.

What is the total square footage of 54-31 Myrtle Avenue, Ridgewood, NY 11385?

54-31 Myrtle Avenue, Ridgewood, NY 11385 has a total of 13,921 square feet.

What is the price per square foot for this property?

$2,285 per square foot is the price for 54-31 Myrtle Avenue, Ridgewood, NY 11385.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 24.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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