Retail building · Ridgewood, Queens

54-32 Myrtle Avenue

Ridgewood, NY 11385

54-32 Myrtle Avenue is a 2-floor retail building in Ridgewood, Queens, built in 1930, with about 37,000 square feet of retail space according to city records.

Also at 1633-1635 Madison Street and 54-32 to 54-60 Myrtle Avenue.

Retail space
37K SF
Floors
2
Year built
1930
Zoning
C4-3

Commercial space next to its nearest neighbors

  1. 3-36 St. Nicholas Avenue1 min walk59K SF
  2. 17-14 Hancock Street5 min walk48K SF
  3. 54-32 Myrtle AvenueThis building37K SF

Compare it with 6 neighbors

No space at 54-32 Myrtle Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Ridgewood and hear the moment a tenant posts a requirement there.

Get an alert

Email me when space at 54-32 Myrtle Avenue is listed

No account needed. One email to confirm, then only when a matching space is posted. Stop any time in one click. Privacy

Compared with its neighbors

How 54-32 Myrtle Avenue compares

Next to the 6 nearest large commercial buildings, all within a 6 minute walk, 54-32 Myrtle Avenue is the smallest by commercial floor area. It went up in 1930; the median neighbor dates from 1987. Its estimated property tax, about $6.53 a square foot of floor area before abatements, is above the neighbors' median of $4.68.

54-32 Myrtle Avenue and the 6 nearest large commercial buildings: size, floors, year built, estimated property tax per square foot
BuildingCommercial spaceFloorsBuiltTax / SF
54-32 Myrtle AvenueThis building37K SFretail21930$6.53
3-36 St. Nicholas Avenue1 min walk59K SFretail172019$7.12
17-14 Hancock Street5 min walk48K SFindustrial and storage12008$0.30
16-18 Weirfield Street5 min walk46K SFindustrial and storage21966$4.45
16-42 Weirfield Street5 min walk51K SFindustrial and storage21930$4.29
16-70 Weirfield Street5 min walk41K SFindustrial and storage11958$4.90
976 Cypress Avenue6 min walk109K SFindustrial and storage42017$8.40

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
1633-1635 Madison Street; 54-32 to 54-60 Myrtle Avenue
ZIP code
11385
Building type
Retail building (city class K2)
Total floor area
37,360 SF
Commercial floor area
37,360 SF
Retail
37,360 SF
Height
2 floors
Year built
1930
Last major alteration
2009
Lot area
18,823 SF
Zoning district
C4-3
Built FAR
1.98
Max commercial FAR
3.4
Tax lot (BBL)
4035440027

Nearest subway

  • Seneca Av5 min walk · Not accessible
  • Halsey St8 min walk · Not accessible
  • Forest Av9 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 5432-50 MYRTLE AVENUE LLC as the owner of record. For tax year 2026/27 the city values 54-32 Myrtle Avenue at $5.64 million and assesses it at $2.54 million. After phase-ins and exemptions its taxable value is $2.25 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $243,787 a year before abatements, roughly $6.53 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
5432-50 MYRTLE AVENUE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$5,645,000
Land market value
$1,180,000
Assessed value
$2,540,250
Taxable value (phased in)
$2,247,300
Estimated yearly tax
About $243,787
Tax per SF of floor area
About $6.53

City market value by tax year

  • 2022/23$4.63 million
  • 2023/24$4.7 million
  • 2024/25$4.83 million
  • 2025/26$5.17 million
  • 2026/27$5.64 million

Market value rose 22% from 2022/23 ($4.63 million) to 2026/27.

How Ridgewood compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-09; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

Own or manage 54-32 Myrtle Avenue? List a space here free and we match it against every active requirement.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

54-32 Myrtle Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 61.6 kBtu per square foot, 13% above the national median of 54.6 for a similar property. Its greenhouse gas emissions were about 216 metric tons of CO2e (5.78 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Retail Store
Site energy use intensity
61.6 kBtu/SF
National median for the type
54.6 kBtu/SF
Greenhouse gas emissions
216 t CO2e
Emissions per SF
5.78 kg CO2e
Floor area in the filing
37,360 SF

Energy sources in 2024

  • Electricity66%
  • Natural gas34%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 54-32 Myrtle Avenue comes to about 170 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 270 tons for 2024 to 2029 (63% of the limit), so it would owe no penalty. From 2030 the limit drops to 96 tons and the same energy use counts as about 106 tons, about 10 tons over, or an estimated $2,700 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
270 t CO2e
Estimated emissions
170 t CO2e
Under the limit by
100 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
96 t CO2e
Estimated emissions
106 t CO2e
Over the limit by
10 t CO2e
Estimated penalty a year
$2,700

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Vocational School 7,024 SF; Retail Store 30,336 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

Own or manage 54-32 Myrtle Avenue? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 54-32 Myrtle Avenue in the 12 months to October 2026; the last one was first permitted in August 2021.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
August 2021
Interior build-outs, last 24 months
0

New jobs by year

  • 20211
  • 20220
  • 20230
  • 20240
  • 20250
  • 2026 to date0

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 54-32 Myrtle Avenue

How big is 54-32 Myrtle Avenue?

54-32 Myrtle Avenue has about 37,000 square feet of floor area in total, including 37,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 54-32 Myrtle Avenue built?

City records list 1930 as the year built, with a major alteration recorded in 2009. The building is 2 floors tall.

What other addresses does 54-32 Myrtle Avenue have?

City records list 1633-1635 Madison Street and 54-32 to 54-60 Myrtle Avenue on the same tax lot (BBL 4035440027) as 54-32 Myrtle Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 54-32 Myrtle Avenue?

54-32 Myrtle Avenue is in ZIP code 11385, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 54-32 Myrtle Avenue, Ridgewood, NY 11385.

What is the zoning at 54-32 Myrtle Avenue?

The lot is in the C4-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.98 and a maximum commercial FAR of 3.4 for this lot.

What subway station is closest to 54-32 Myrtle Avenue?

The closest subway station to 54-32 Myrtle Avenue is Seneca Av (the M train), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Halsey St (the L train), 8 min walk; Forest Av (the M train), 9 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 54-32 Myrtle Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 5432-50 MYRTLE AVENUE LLC as the owner of record of 54-32 Myrtle Avenue (BBL 4035440027). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 54-32 Myrtle Avenue have an energy grade?

54-32 Myrtle Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 61.6 kBtu per square foot, 13% above the national median of 54.6 for a similar property. Its greenhouse gas emissions were about 216 metric tons of CO2e (5.78 kg per square foot).

Does 54-32 Myrtle Avenue meet Local Law 97?

At its 2024 energy use, 54-32 Myrtle Avenue comes to about 170 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 270 tons for 2024 to 2029 (63% of the limit), so it would owe no penalty. From 2030 the limit drops to 96 tons and the same energy use counts as about 106 tons, about 10 tons over, or an estimated $2,700 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 54-32 Myrtle Avenue?

The Department of Buildings issued no permits for new jobs at 54-32 Myrtle Avenue in the 12 months to October 2026; the last one was first permitted in August 2021. These are the Department of Buildings' DOB NOW work permits for tax lot 4035440027. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 54-32 Myrtle Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.25 million for 54-32 Myrtle Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $243,787 a year, roughly $6.53 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4035440027 show the actual bill.

What is the assessed value of 54-32 Myrtle Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 54-32 Myrtle Avenue at $5.64 million ($1.18 million of it land) and its assessed value at $2.54 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 22% from 2022/23 ($4.63 million) to 2026/27.

Is there retail space for lease at 54-32 Myrtle Avenue?

No space at 54-32 Myrtle Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

2,492 buildings from city records

Look up another building

Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.