BEDS0
BATHS
MLS#969051
STATUSPending
PROPERTY TYPECommercial - Multiple
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 AnnInsurance: $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!!!)
Property Features
Property Type: Commercial - Multiple
Basement: Full
Basement: Yes
Cooling: None
Heating: See Remarks
Lot Size: 0.05 Acres
Taxes: $10,974
Year Built: 1938
Feature Descriptions
Building Area Total: 3300
Business Type: Other
Days on Site: 118
Exterior: Other
On Market Date: 2026-03-09
Parcel Number: 038260034
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 4
Utilities: See Remarks
Water: Public
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Local Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
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7617 Myrtle Avenue | MLS# 969051
This commercial property located at 7617 Myrtle Avenue, Glendale, NY 11385 is currently listed for sale with an asking price of $1,535,000. Search Glendale real estate on www.joycerealty.com today.