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70-03 Myrtle Ave 3,888 SF 49% Leased Retail Building Glendale, NY 11385 $1,295,000 ($333.08/SF) 7.66% Cap Rate
EXECUTIVE SUMMARY
Investment Property Realty Group (IPRG) has been exclusively retained to sell 70-03 Myrtle Avenue in the Glendale Section of Queens.
The property offers 2 apartments, and 1 large retail space built 98 feet deep totaling 1800+ SF. The retail space will be delivered vacant.
The property is located within walking distance to the Fresh Pond Rd M Train.
The property offers 2 apartments, and 1 large retail space built 98 feet deep totaling 1800+ SF. The retail space will be delivered vacant.
The property is located within walking distance to the Fresh Pond Rd M Train.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,888 SF
Building Class
C
Year Built
1899
Price
$1,295,000
Price Per SF
$333.08
Cap Rate
7.66%
NOI
$99,197
Percent Leased
49%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.23
Lot Size
0.04 AC
Zoning
R5D, C2-3
Frontage
19’ on Myrtle Ave
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
20 ft frontage Immediate possession High visibility on Myrtle Ave Ability to vent Outdoor seating Ideal for café, salon, juice bar, bakery (all uses considered) Transit: M, Q55, QM24, QM25
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,000 SF | Retail | - | Now |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
20 ft frontage Immediate possession High visibility on Myrtle Ave Ability to vent Outdoor seating Ideal for café, salon, juice bar, bakery (all uses considered) Transit: M, Q55, QM24, QM25
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03686-0058 | Improvements Assessment | $35,795 |
| Land Assessment | $9,829 | Total Assessment | $45,624 |
PROPERTY TAXES
Parcel Number
03686-0058
Land Assessment
$9,829
Improvements Assessment
$35,795
Total Assessment
$45,624
CONTACTS
-
Steve Reynolds -
Derek Bestreich -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
70-03 Myrtle Ave
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