71-01 72 Pl
Glendale, NY 11385
Glendale Mixed Used Investment · Retail Property For Sale

Excellent Mixed Used Property for Sale: ==================== 71-01 72th Place, Glendale, NY, 11385 (corner Central Ave/72 Place) * Mixed Used Property: * 2 Commercial (1,200 SF Store & 800 Sq.Ft. Garage/shop) Plus 2 Residential 6 Room Apartments * Flex use for Live-work "Industrial-Office-Retail." * Building and the garage shop is 5,244 Sq.Ft. (including the 1,300 SF basement). * Lot 23 × 100 * Bldg Size: 23 X 57 (1,311 Sq.Ft.) * Rear Garage/Shop Is 23 X 43 (989 Sq.Ft.) * 1st Floor Is Built Full between the store and garage/shop (23 × 100). * Building has a new Roof, Modern Boiler & updated electric. Building needs Some TLC. * Delivered Vacant for user. * Income Potential Is $108,000 Per Year. * 1,200 Sq.Ft. Store And Rear 800 Sq.Ft. Garage Is Good For Office Or Retail. * The garage space is also ideal for industrial, retail or office use. * 2 Blocks from Myrtle Ave And Less Than A Mile To the Atlas Mall And Forest Park. ----Layout: (In Net rentable Sq. Ft.) * Bsmt/Subfl:1,200 Sf Full, Unfinished, High Ceilings, 3 Entrances * 1st Floor:1,200 Sf Store (Vacant) , 800 Sf Garage/Shop In Rear * 2nd Floor:3 Br, Lr, Dr, Eat-In-Kit, Bath, Outdoor Porch (1,200 SF) * 3rd Floor:3 Br, Lr, Dr, Eat-In-Kit, Bath (1,200 SF) Gross Projected Income: $108,000 Actual Expenses: $16,925 Projected Market Annual Net Income: $91,075