7617 Myrtle Avenue
Glendale, NY, 11385 $ 1,588,000
Bedrooms-- Baths-- Sq 3,300 Monthly Estimate*
$ 9,778
for $1,588,000. This 3,300 square foot building was built in 1938 on a lot size of 0.045294.
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!!!)
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FeaturesGeneralSewer Public Sewer
Heating See Remarks
Cooling None
Utilities See Remarks
Zoning R4BCI-3
Construction Materials Other
Year Built 1938
Stories Count 2
Property Subtype Mixed Use
Tax Year 2026
Parcel Number 038260034
Business Type Other
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 4
Property Attached Y/N Y
Tax Annual Amount 10974
Building Area Units Square Feet
Standard Status Active
Tax Lot 34
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InteriorBasement Full
Basement Features Full
Basement (Y/N) Y
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ExteriorWater Source Public
Foundation Details Other
Building Area Total 3300
Waterfront Y/N N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,778
- Monthly Property Taxes
- $915
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Glendale, NY
Average List Price $2,262,824
Percent of Sale Price 42%
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/9/2026 | $1,588,000 | | Listed Price |