Sam Klein Leases Retail Space To Tide Laundromats At 57-23 Myrtle Avenue In Ridgewood
57-23 Myrtle Avenue
$75
$75/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in this transaction is located at 57-23 Myrtle Avenue in Ridgewood, Queens. It is a retail space with a total square footage of 3,400. The asking rent for this lease is $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Address: 57-23 Myrtle Avenue
- Market: Ridgewood
- Landlord: Sam Klein
- Tenant: Tide Laundromats
- Lease Type: Retail Lease
- Brokerage: KSR
- Broker Representatives: Solomon Sharaby, Ezra Falack, Albert Manopla, and Tristan Benzaquen
Tide Laundromats is making its entry into the New York market with this location, marking its first establishment in the area. The company aims to expand further in the boroughs, seeking additional locations ranging from 2,500 to 5,000 square feet in high-density residential neighborhoods, emphasizing strong visibility and convenient access, including parking opportunities. Kassin Sabbagh Realty exclusively represents Tide Laundromats for this expansion.
On the Map
$75
$75/SF
Retail
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Players
Ridgewood Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93