7617 Myrtle Avenue, Glendale, NY 11385

Property Description

Calling All Investors, Developers, & End-Users!!! 8.69 Cap 100% Occupied 4 Unit 3,300 Sqft. Corner Mixed-Use Building In Glendale For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, High 9’ Ceilings, (2) 3 Br. Apartments, (1) 2 Br. Apartment, Basement, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Glendale Just 3 Blocks From The Jackie Robinson Parkway!!! The Property Has 21’ Of Frontage On Myrtle Ave. + 106’ On 78th St.!!! Neighbors Include Starbucks, USPS, HomeGoods, Ulta Beauty, T.J. Maxx, Chili’s Bar & Grill, Cold Stone Creamery, California Pizza Kitchen, Dunkin’, McDonald’s, Regal Cinemas, Dollar General, Wendy’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Myrtle Meds Pharmacy: $39,403.68 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/29. Apt. 1 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27. Apt. 2 (2 Br.): $34,692 Ann.; Lease Exp.: 4/30/27. Apt. 3 (3 Br.): $41,568 Ann.; Lease Exp.: 2/28/27. Gross Income: $157,231.68 Ann. Expenses: Gas: $0 Ann. Electric: $495 Ann. Maintenance & Repairs: $4,000 Ann. Water & Sewer: $2,400 Ann Insurance: $6,041 Ann. Taxes: $10,973.90 Ann. Total Expenses: $23,909.90 Ann. Net Operating Income (NOI): $133,321.78 Ann. (8.69% Cap!!!)