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Listed price in listed location currency (USD).
$1,588,000

000

MLS® 969051

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $10,974
Days Active 1
Approx. Age 1938
MLS® Number 969051

Property Address: 7617 Myrtle Ave, Glendale, NY, 11385-7446

Average square foot calculated using Size range provided by listing agent.

Description

Calling All Investors, Developers, & End-Users!!! 8.4 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. (8.4% Cap!!!)
MLS® Number969051
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1938
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$1,588,000List Price
  • Commute

Commute

Starting Address
Destination Address
7617 Myrtle Ave, Glendale, NY

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